Prestige Capital Funds $2MM for Potted and Indoor Plant Farm

Prestige Capital Finance closed a $2 million factoring arrangement for a California-based plant farm that specializes in potted and indoor blooming plants. The farm will use the proceeds from the factoring arrangement to expand its footprint in home centers across the U.S.

“The funding of this plant farm is a continuation of our commitment to healthy living and the type of funding that we are doing during the pandemic,” Stuart Rosenthal, president of Prestige Capital, said. “Over the past several months, we have provided millions of dollars to a range of companies that are focused on nourishing the body and the mind.”

Originally slated to receive funding from another factor, this plant farm was referred to Prestige by an inventory lender that realized Prestige was a good fit. Once the application was received, Prestige Capital delivered financing within two weeks.