CE Rental Firm Receives $3 Mn Financing from Prestige
A Georgia-based provider of drilling equipment and foundation tools for the construction industry has secured a $3 million financing facility from Prestige Capital. The company, which offers new, used and rental equipment, was referred by a New Jersey-based consulting firm. The funding was used to improve working capital and recapitalise existing equipment loans.
“Our financing solutions can be designed to help construction companies optimise their cash flow and invest in the equipment they need to stay competitive,” Stuart Rosenthal, president at Prestige Capital, said. “We’re proud to support this client’s continued growth and operational efficiency.”
The infusion of capital was designed to enable the company to manage seasonal demand, upgrade its rental fleet and restructure debt.
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