A California-based private-label organic baby food manufacturing and co-packer needed a working capital line to increase volume in order to add additional product lines to their offering. They previously secured a credit facility based on real estate and machinery from their bank but a prospective AR lender that they were hoping to receive funding from backed out at the 11th hour.

“ We received a call from the inventory lender who knew Prestige could keep the deal alive and close it fast,” shares Stuart Rosenthal, President at Prestige Capital. “ When banks are not able to provide working capital on a business's accounts receivable, companies like ours are able to fill the gap. This is what we did for this deal.”

Access to this funding allowed this organic baby food company to grow with multiple lines of baby food and no limits on their cash needs.