A Solar Panel Maintenance Company Improves Their Operations with a $500,000 Facility from Prestige Capital

FORT LEE, NJ (JUL 2024) —  A leading solar power maintenance company faced a unique challenge when their lender mandated payment from their customer via check. This requirement strained the customer and began to impact the overall relationship between the solar company and its client. A consultant informed the CEO about Prestige Capital. Recognizing the need for a swift and effective solution, the CEO of the solar company heeded his friend's recommendation and reached out.

While in the process of growing the company, the CEO sought a simple and expedited resolution to this issue and found Prestige Capital. With Prestige’s program, the company was able to streamline its process.

 “Prestige did what they said - processed our application quickly, set up a clear onboarding meeting, and put money in our bank. They did it faster than any other factoring company that we have worked with in the past. Things have moved smoothly ever since,” remarked the solar company’s CEO.

Rachel Hersh, Sales Director, North America at Prestige Capital commented, “We were pleased to witness how invoice financing not only supported the business's growth but also played a crucial role in maintaining a healthy relationship between the client and their customer.”

‌Through the adoption of invoice financing, the solar company is successfully navigating its growth trajectory while also ensuring a positive dynamic with its customers.

 About Prestige

Since 1985, Prestige Capital, a commercial finance company, has been funding clients directly by turning invoices into cash. We purchase invoices from a broad range of companies with annual sales ranging from $2 million to $300 million. Prestige Capital continues to help companies that either do not qualify for traditional bank financing or need financing faster than a bank’s lengthy underwriting process allows.