Prestige Capital Supports the Growth of an AI Company with a $7,500,000 line

FORT LEE, NJ (MAR 2024) —  A cutting-edge artificial intelligence company based in Salt Lake City faced a funding roadblock during a four-month engagement with a potential funding source. Despite persistent efforts, the needed funding remained elusive, hindering the company's ability to capitalize on emerging opportunities within the AI sector. In a strategic move, the CEO and their investment banker turned to Prestige Capital, driven by their prior positive experience with Prestige and their reputation for providing funding quickly.

To the CEO's delight, Prestige Capital not only lived up to its reputation but exceeded expectations by providing the required funds in less than two weeks. This expedited injection of capital empowered the AI company to seize growth opportunities within the dynamic AI landscape.

Stuart Rosenthal, President of Prestige Capital, expressed his satisfaction, stating, "It's gratifying to witness a traditional funding concept supporting businesses leveraging technology for our future."

The seamless collaboration with Prestige Capital has equipped the AI company with the financial solution necessary to scale at the pace and flexibility demanded by their 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 $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.