Prestige Capital Provides $1MM in Funding to Certified Medical Staffing Company

Prestige Capital provided $1 million in funding to a certified medical staffing company to handle immediate cash needs. Prestige Capital will continue to increase the line as the client grows and acquires and expands new entities.

The medical staffing provider sought funding to staff nurses quickly at hospitals to support the rising need because of COVID-19. To make its rapidly increasing payroll, the client required easily accessible cash flow. One of its partners had been funding payroll, but as the volume increased steadily, the partner tasked the team with finding a finance partner that could continuously increase the company’s credit line to keep up with the growing demand.

The client found Prestige Capital on a list of finance companies that have a simple onboarding process. Prestige Capital does not require financials and can onboard clients in as quickly as one week.