Prestige Capital Extends $10MM AR Finance Facility to Call Center Subsidiary

A Southeast-based subsidiary of a European holding company was introduced to Prestige Capital by one of its premier referral sources seeking a solution to expand its call center operations and repay some of its intracompany advances. Within two weeks of signing the proposal letter, Prestige underwrote and closed the deal, enabling the company to expand its call center operations in the U.S. and obtain additional funds to smooth out its cash flow needs.

"It's been almost 40 years, and I'm still amazed at how quickly we can solve a cash flow problem,” Stuart Rosenthal, president of Prestige Capital, said. “Our extensive network and expertise in almost all industries allow us to close deals quickly and provide flexible solutions."

This funding enabled the company to better support its U.S.-based clients, increase its U.S. footprint and take the pressure off the foreign parent while still maintaining a personal touch with its clients.