Rachel’s Blog

OP8_6242R-2Welcome 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

 

 

  • A Factor to the Stars and to you, the Future Star! Posted on May 29, 2017What 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. …
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  • Reflections on 10 years… Time flies when you’re having fun! Posted on April 5, 2017Thanks 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, …
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  • Congratulations! You got the order! Now, how are you going to Finance it? Posted on March 6, 2017In 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 …
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  • Are Your Clients Acting Like Scrooge? Posted on December 13, 2016Many 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 …
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  • How Factoring Is Keeping New York’s Construction Industry Booming Posted on November 3, 2016Step 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 …
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  • Exciting to be interviewed on The Why Factor – BBC World Service program! Posted on July 28, 2016Those 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 …
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  • Innovators Secret Ingredient for Success Posted on April 11, 2016I 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. …
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  • Think you can’t fund government receivables? Think again! Posted on February 26, 2016So 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. …
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  • Rachel and The Sharks Posted on December 14, 2015Sometimes 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 …
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  • Historians vs. Fortunetellers Posted on October 21, 2015While 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. …
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  • Designer Finds the Perfect Fit Posted on September 24, 2015J 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 …
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  • Demeter Posted on August 13, 2015When 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 …
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