An Electrical Contracting Company receives a $7,500,000 Facility from Prestige Capital

FORT LEE, NJ (SEPT 2024) —  Prestige Capital is pleased to announce its recent collaboration with a Southwestern electrical contracting company. This partnership, facilitated by an experienced broker, enabled the electrical contractor business to restructure its finances successfully. Through the strategic use of invoice financing, the electrical contracting company paid off an existing bank loan, creating new opportunities for expansion and operational improvements. 

Umberto DiSterfano, Sale Director- Mid-Atlantic at Prestige Capital, commented, "To bring this complex transaction to fruition, we collaborated with a reputable equipment lender to structure a favorable financing solution. Despite the multifaceted nature of the deal, our team's expertise, combined with the support of our esteemed equipment lending partner, enabled us to successfully close the transaction."

This financial restructuring positions the company for continued growth in the competitive electrical contracting market.

 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.