Prestige Capital extends a $1,000,000 Facility to a Southeastern Based Technology Company

FORT LEE, NJ (AUG 2024) —  A technology company that designs software for call centers required capital to support its growth. In partnership with the company's investor, Prestige Capital provided the necessary funds for this business to expand.

Prestige Capital has successfully ventured into financing technology companies, a sector they've been actively supporting for several years. Although the subscription-style invoicing common in technology businesses can complicate receivables financing, their team's ingenuity has enabled them to craft specialized solutions that effectively address these clients' cash flow challenges.

"We don't often think of invoice financing as creative, but it is. I was glad that we were able to structure this deal and find a way to make it work for both the investor and the business," said Rachel Hersh, Sales Director, North America at Prestige Capital.

With the help of invoice financing, this technology company can now continue its operations and pursue growth opportunities.

 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.