Follow the latest news and commentary from Prestige Capital.
Prestige Capital extends $1,000,0000 in funding to a CBD Wellness Brand(11/17/2022)-FORT LEE, NJ (NOV 2022) — This innovative CBD company needed growth capital but since most banks are unable to fund this industry, they started to explore alternative solutions. The company was working with a few large retailers but couldn’t get the funding needed in order to pay vendors […]
Prestige Capital Announces $500,000 for an Interior Furnishings Company(2/11/2021)-NEW JERSEY (January 20, 2021) – Prestige Capital Finance, LLC recently delivered $500,000 in growth capital to a distributor of air ventilation products to meet COVID building protocols. Given the early stage of the business, capital was required to deliver goods. Already in the construction industry, this New York-based company […]
Prestige Capital Announces $1.5 Million for a Contract Manufacturer(12/15/2020)-NEW JERSEY (December 9, 2020) – Prestige Capital Finance, LLC recently delivered a $1.5 million factoring facility to a company that manufacturers and packages frozen treats for well-known food and beverage companies. The funds were used to expand this contract manufacturer’s product line. Initially introduced by a purchase order […]
Prestige Capital Announces $2.0 Million for a Reverse Logistics Company(12/2/2020)-NEW JERSEY (November 24, 2020) – Prestige Capital Finance, LLC recently delivered a $2.0 million factoring facility to a reverse logistics company that specializes in managing excess inventory on behalf of its retail clients. The company helps retailers sort clearance merchandise and retag and repackage past-season, factory-excess and customer […]
Prestige Capital Announces $5 Million for a Leveraged Buyout(11/11/2020)-NEW JERSEY ((November 9, 2020) – Prestige Capital Finance, LLC recently delivered a $5million factoring facility to a Southeast-based company that focuses on the manufacturing and assembly of corrugated retail displays. The funds were used to acquire a smaller corrugated display company in a new market as well as […]
Prestige Capital Provides $7MM in Additional PPE Funding(9/2/2020)-Prestige Capital Finance provided $7 million to two companies to fund the manufacturing and importing of masks, swab transport containers and disinfectant wipes. Both of the companies that Prestige funded pivoted to supply PPE products. One company was in the plant-based wellness business. The company pivoted from manufacturing botanic […]
Prestige Capital Announces a Participation of $1,500,000 for essential goods distribution(8/26/2020)-Continuing its commitment to help during the pandemic, Prestige Capital Finance, LLC recently participated in funding for a nondurable goods distributor based in Rhode Island. Prestige provided $1.5 million to this New England company as part of a carve out of certain customers from its existing bank. The proceeds […]
Prestige Capital Provides $2MM to California Grower of Potted and Indoor Plants(8/25/2020)-Prestige Capital Finance, closed a $2 million factoring arrangement for a California-based plant farm, specializing in potted and indoor blooming plants. The proceeds from the factoring arrangement will be used to help this grower expand its footprint in home centers across the United States. View Full Press Release
Why is accounts receivable financing like an ATM for invoices?(7/15/2020)-Rachel Hersh will discuss how accounts receivable financing can be used to improve Watch Prestige Capital’s TV interview with Fox Baltimore (BMore Lifestyle) on Facebook. Watch on Facebook
Join us: July 7 at 2 PM for a WEBINAR with Next Street.(7/6/2020)-Rachel Hersh will discuss how accounts receivable financing can be used to improve cash flow for both business growth and business preservation during these times of uncertainty. Sign up here
Watch Rachel Hersh on ThisIsItTV(7/4/2020)-by Rachel Hersh 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! THIS IS IT NETWORK™ is a global, female, and minority-owned digital streaming platform. Each day she shares inspiring stories […]
Prestige Capital Closes $1.25MM in Recent Factoring Arrangements(7/2/2020)-Prestige Capital Finance closed $1.25 million in combined factoring arrangements for Nouri Life, a probiotics company; KiiTO, a plant-based nutrition company; and Cure Hydration, a sports hydration company. Companies that meet the needs of consumers seeking healthy and nutritious options require funds quickly. Prestige funds businesses based on their […]
Forbes – Closing The Small Business Financing Gap: Invoice Factoring Basics(1/30/2020)-Even profitable businesses can have cash-flow issues. This is especially true in industries with long payment cycles, such as apparel, construction, food and beverage, government contracts, hospitals and nursing homes, importers and exporters, manufacturing, staffing, transportation and wholesale/distribution.
Rachel Hersh Honored as Power Woman in Business on Long Island by Long Island Press(5/8/2019)-Rachel Hersh, Sales Director, North America recently received recognition as a Power Woman in Business at the The Long Island Press Power Women in Business Awards & Networking Event. Rachel’s unique ability to develop loyal, mutually beneficial relationships and her congenial tenacity have been integral to Prestige Capital’s continued success. Congratulations […]
Stuart Rosenthal Presents at Annual Credit & Bankruptcy Symposium(5/3/2019)-Prestige Capital’s President, Stuart Rosenthal, recently participated in a panel discussion, “New Opportunities in Asset Based Lending; A Fresh Look at Cannabis, MCA Finance and Factoring” at the American Bankruptcy Institute’s 13th Annual Credit & Bankruptcy Symposium in Connecticut. During the event attendees also heard from a judicial roundtable and […]
2nd Annual Networking and Stand-Up Comedy Night(11/28/2018)-Prestige Capital’s 2nd Annual Comedy Night at WeWork was a GREAT success! We had a packed room and everyone laughed the night away. Upon arrival at WeWork, I was so pleased to see all the delicious food and great wine from Carmel Winery all set up beautifully, ready for our […]
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 […]
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: […]
WeWork Creator(9/9/2016)-“When you Can’t Get a Business Loan, 3 Ways to Raise Money Fast”, featuring Rachel Hersh
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 […]
