Prestige Capital Provides $3,000,000 Invoice Financing Facility to Marine Services Company
SADDLE BROOK, NJ (July 2026) — A Northeast-based Marine Services Company providing scout vessels, safety support vessels, and specialized marine operations for the offshore wind industry has secured a $3,000,000 invoice financing facility from Prestige Capital. The new facility replaces its previous funding source, which withdrew amid growing uncertainty surrounding federal actions and project delays in the offshore wind sector.
The financing enables the company to maintain full vessel deployment, cover critical operational costs including crew wages, vessel maintenance, fuel, and insurance, and continue seamlessly fulfilling its contractual obligations with key partners and other leading offshore wind developers.
What made this transaction stand out was the speed and conviction demonstrated by Prestige Capital. While headlines about regulatory shifts and project uncertainty prompted many lenders to pull back, Prestige Capital focused squarely on the fundamentals: A strong portfolio of creditworthy receivables from established industry customers.
“When other funders see uncertainty in an industry, they often pull back first and ask questions later,” said Rachel Hersh, Sales Director, North America at Prestige Capital. “Our model doesn’t work that way. We look at the invoices, who owes the money, and whether they’re creditworthy. This client had real contracts, real receivables, and real customers paying their bills. That’s what we finance. The news cycle doesn’t change that.”
“This facility from Prestige Capital came at exactly the right time and has given us the working capital stability we need to keep our vessels operating at full capacity,” said CEO of the marine services company. “In an industry facing unique headwinds, having a flexible and decisive funding partner like Prestige Capital allows us to stay focused on our core mission of meeting our contractual obligations for our offshore wind clients. We’re grateful for their confidence in our team and our track record.”
With Prestige Capital’s financing in place, this business is well positioned to navigate current market conditions, maintain operational momentum, and continue supporting the growth of the offshore wind industry.
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 $3 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.
To learn more, contact:
Prestige Capital
Park 80 West, Plaza One
250 Pehle Avenue, Suite 313Saddle Brook, NJ 07663
Toll-free Phone: 877-944-4455