| Why Prestige ? | ||
| 1. Simple | ||
| Unlike many factors, Prestige does not require that all of your invoices be factored. You choose which customers and which invoices to be factored based on your need for either cash or credit protection. All non-factored cash received by Prestige will be returned to you without any fees. The only fees charged by Prestige are factoring fees, a one-time application fee, and wire transfer fees. | ||
| 2. Fast | ||
| No other factor can close faster than Prestige. We have funded transactions in as little as 3 business days from phone call to funding. However, the average transaction takes between 5 and 7 business days. We can do this because we focus on the quality of the client's customers and our ability to verify invoices, rather than focusing on the client's financial condition. | ||
| 3. Straightforward | ||
| Prestige believes in maintaining the highest level of professionalism and integrity. Therefore, our contract has been modified many times over the years to clarify and simplify our fee structure. There are no hidden charges or ambiguous language to interpret. Our standard contract is even available for review prior to completing an application to give the peace of mind needed. Additionally, there are: | ||
| NO Minimum Fee Requirements | ||
| NO Long Term Contract Requirements (as short as 3 months) | ||
| NO Closing Costs (other than a one-time application fee) | ||
| NO Personal Guarantees | ||
| NO Financial Statement Requirements | ||
| NO Obligation to Sell All Receivables ( you choose which receivables to fund and we will assume the credit risk) | ||
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