Welcome to my blog! I’m excited to share our experiences with you and demonstrate the many ways we help our clients. I’ll be writing about industry news, interesting information learned at conferences, and updates on speaking engagements from our team at Prestige.

Please visit often for regular blog updates,

Rachel

 

 

  • My contribution to the Innovation Finance Playbook (3/25/2023) - I was so pleased when my colleague, Jonathan Bragdon made a warm introduction to his friend and colleague, Aunnie Patton.
  • A Thanksgiving Message (11/22/2022) - By Rachel Hersh At this time of year, as we reflect on all that we are thankful for, I extend my thanks to the community that I have been part of for over 25 years. This year I am extremely grateful to be back in person. There is nothing […]
  • Factoring 101 featured in The Secured Lender Magazine (10/22/2022) - by Rachel Hersh “ I was honored when the Secured Lender Magazine the publication of The Secured Finance Network asked me to pen an article on Factoring basics aka Factoring 101- for their October issue which would be distributed on college campuses. Factoring and Asset Based Lending   is not often […]
  • New Grandma (8/12/2022) - By Rachel Hersh The summer is a time when we can finally kick back and relax after all the hard work that we did all year. This year we decided to have some fun on social media and run a Prestige Summer in Action Vacation Photo Contest. We got […]
  • IFA 2022- Boston (5/12/2022) - by Rachel Hersh It was wonderful to finally get back out and go to our annual IFA conference! This one was held at the Boston Sheraton Hotel. Reuniting with industry friends was great! I have been enjoying taking photos with my colleagues and posting them on linked in and […]
  • Who said you need equity when all you need is liquidity (1/12/2022) - by Rachel Hersh It is wonderful when people in my network introduce me to organizations that can be mutually beneficial. Thanks to Megan Klingbeil of the CPA firm www.Anchin.com for introducing me to IBA: Independent Beauty Association.   Their Mission: To foster the success of entrepreneurial companies in the independent […]
  • Rachel Hersh, Sales Director North America, and Vanessa Ting, Growth Consultant, and former Senior Buyer for Target discuss how to succeed in selling to major retailers. (3/18/2021) - My consumer products network has been instrumental in making introductions to wonderful people. One of those amazing connections was to Vanessa Ting, a former buyer for Target, now the owner of her own consulting firm, www.retail-path.com.
  • Watch Rachel Hersh on ThisIsItTV (7/4/2020) - Given the chance to be interviewed on TV was truly a blast! THIS IS IT NETWORK™ - THIS IS IT NETWORK™ (thisisittv.com) Cheldin Rumer is a dynamo!
  • Financing Your Business Recovery and Growth. Listen to Rachel Hersh on Her CEO Journey (7/3/2020) - by Rachel Hersh What an honor to be interviewed by Christina Sjahli of Her CEO Journey™: The Business Finance Podcast for Mission-Driven Women Entrepreneurs on Apple Podcasts. Christina’s weekly show features guests where together they explore the financial and business challenges that women face on the entrepreneurial journey to […]
  • Giving Thanks (11/26/2019) - At this time of year, as we reflect on all that we are thankful for, I extend my thanks to the community that I am a part of. I am fortunate to work in an industry that I love and to work with people that I respect and admire. […]
  • Medium – 6th Avenue Capital – Sheroes of Alternative Financing (11/19/2019) - I was thrilled to be asked to contribute to this article with the clever title, “Sheroes of Alternative Financing.” In this article we discuss various methods of non-traditional financing. What a great list of contributors to this article. They make me look good just to be in their company!
  • Out of the Box Financing Solutions for Subscription Box Success (9/11/2019) -
  • Congratulations! Prestige is Happy to See Our Clients Graduate (5/30/2019) -
  • How to Utilize Factoring to Grow Your Technology Business (2/21/2019) -
  • Rachel Hersh Interviewed on 77 WABC Radio’s “Mind Your Business” (11/1/2018) -
  • Rachel Hersh Featured in The Secured Lender – Women in Commercial Finance Issue (6/26/2018) - I am proud to be featured in The Secured Lender Women in Commercial Finance Issue. It is an honor to be recognized alongside other successful women exemplifying excellence. Special thanks to the Commercial Finance Association for recognizing our contributions and achievements and to Harvey Kaminski and Stuart Rosenthal of Prestige Capital […]
  • Bankruptcy and Turnaround Financing – Critical Points in Choosing a Lender (5/3/2018) - Insights into Bankruptcy and Turnaround Financing… What These 4 Experts Had to Say In response to last month’s bankruptcy blog, I spoke to colleagues in the turnaround and bankruptcy industry who shared insights with me. It is always best to surround yourself with experts in the field whose extensive […]
  • Choosing Factoring for DIP Financing Explained (3/16/2018) -     Working in the factoring industry prior to joining Prestige Capital, I had not been aware that one of the most important beneficiaries of accounts receivable financing are companies seeking to restructure in bankruptcy.   Chapter 11 bankruptcy laws allow Debtor-in-Possession (“DIP”) financing in the discretion of a bankruptcy judge if […]
  • Business Growth, Partnerships and Endurance (2/2/2018) - It takes a village…to guide a business on its journey. Reflecting on twenty years in the factoring industry, I have come to understand that it takes a village to grow a business; a community of trusted advisors who can guide a business on their journey. The Journey of a […]
  • Grateful to Love What I Do…With People that I Respect…In an industry that I Love (12/16/2017) -     Gratitude…. At year’s end, I reflect on the past year and appreciate how fortunate and blessed I am to work in an industry that I love and to work with people I respect and admire. I am thankful for the amazing team at Prestige Capital, who make […]
  • Bridge Financing with Prestige Capital (8/24/2017) - Bridge Financing allows a company to access capital very quickly when timing is of the essence. These situations are either when a bank or asset based lender cannot finance as quickly as needed, or when a company is seeking equity or when cash is required to complete a leverage […]
  • A Factor to the Stars and to you, the Future Star! (5/29/2017) - What do celebrity chefs, hairstylists, fashion designers, and branded liquor companies all have in common? They all utilized Prestige’s Flexible Financing Program  to access the cash they need, when they need it, to take their business to the next level. Turn the Simmer to High Heat With Prestige Celebrity […]
  • Reflections on 10 years… Time flies when you’re having fun! (4/5/2017) - Thanks for an Amazing 10 Years! As I approach my 10 year anniversary with Prestige Capital, I reflect on my partnership with this outstanding firm. Having worked in the factoring industry for 8 years prior, I was seeking a change, a chance to work with a firm that financed […]
  • Congratulations! You got the order! Now, how are you going to Finance it? (3/6/2017) - In the 18 years that I have been working in the factoring business, one of the most misunderstood forms of financing is utilizing purchase order financing and factoring to fulfill orders and grow a business rapidly — without equity or debt. We have all seen episodes of Shark Tank […]
  • Are Your Clients Acting Like Scrooge? (12/13/2016) - Many businesses and contractors who’ve worked for large companies may find themselves waiting and waiting to receive payment by the year’s end. Despite having delivered their products and services on time — and filed their invoices accordingly — employers can be left scrambling to meet payroll deadlines and pay suppliers when December […]
  • How Factoring is Keeping New York’s Construction Industry Booming (11/3/2016) - Step outside in New York City and, chances are, you’ll see scaffolding. According to the New York Building Congress, $40 billion worth of construction projects have been launched in Manhattan, Brooklyn, Queens, and The Bronx — and construction spending is expected to increase to $40.8 billion in 2017. It’s official: […]
  • Exciting to be interviewed on The Why Factor – BBC World Service program! (7/28/2016) - Those of you who know me know that I conduct many “Lunch and Learns” and frequently speak and write on a variety of financial topics. My favorite topic: helping businesses find the funding they need to grow. This spring I was honored to be asked to participate in a […]
  • Innovators Secret Ingredient for Success (4/11/2016) - I recently spent the day at a conference which focused on the merger of the food and technology industries and heard many lively discussions on the future of the food industry and the benefits technology is bringing to that space. We all know that the speed in which technology […]
  • Think you can’t fund government receivables? Think again! (2/26/2016) - So often, early stage and fast growth companies need cash flow and liquidity but think they won’t qualify for receivables financing because they have government contracts. But that’s not the case at Prestige: we fund federal, state and municipal receivables. It happened again today as I was speaking with […]
  • Rachel and The Sharks (12/14/2015) - Sometimes in life, you feel that the stars align and you are exactly in the right place and time and that the universe has sent you a sign. My luck came the night that my friend, Jessica Staheli, invited me to be a guest at her firm’s table at […]
  • Historians vs. Fortunetellers (10/21/2015) - While giving a presentation on alternative financing options at the NYNJ Minority Council this summer, my colleague, Lewis Ross, of Chase Bank was asked why banks don’t finance early stage companies with contracts and why firms like Prestige Capital do. Lewis’ spot on answer; “because banks are historians and […]
  • Designer Finds the Perfect Fit (9/24/2015) - J is a designer who is beloved by bridesmaids who no longer need to fear the purchase of the traditional bridesmaid’s dress. J’s passion was to create a line of understated, yet uniquely stylish quality bridesmaid dresses. Upon entering her showroom I was swept up in abundance of beautiful […]
  • Demeter (8/13/2015) - When I was introduced to Mark Crames, founder of Demeter Fragrance, I was intrigued by his business and unique vision. With scents such as Vanilla Cake Batter, Grass, Rain, Dirt, Fresh Linen, Chocolate and Bubblegum, Demeter’s philosophy was to maximize the bond between scent and sense memory. If scent […]