Follow the latest news and commentary from Prestige Capital.

• A Solar Panel Maintenance Company Improves Their Operations with a $500,000 Facility from Prestige Capital (8/1/2024) - A leading solar power maintenance company faced a unique challenge when their lender mandated payment from their customer be made via check and not made electronically.
• My latest is now in the Secured Lender (9/2/2023) - I was so pleased when I was asked to write an article on the basics of factoring.
• Prestige Capital Continues to Expand its Business Development Team and Welcomes Mark J. Simshauser (8/20/2023) - Mark J. Simshauser has joined our team as Senior Director – Northeast US.
• US-Based Beverage Company Seizes Growth Opportunity with Prestige Capital’s Invoice Financing (7/19/2023) - FORT LEE, NJ (JUL 2023) —  A US-based beverage company’s bank no longer supported the client when their inventory needs grew beyond the bank’s lending formula. An asset-based lender who offers inventory, purchase order financing  as well as invoice financing came to an agreement with the client on a [read more]
• Prestige Capital gets a new look and launches a new website and refreshes their logo. (5/15/2023) - FORT LEE, NJ (MAY 2023) — After months of dedicated effort from our team at Prestige Capital, we are thrilled to announce the launch of our newly updated website! Throughout the redesign process, our primary focus was to create a more valuable and user-centric resource that is responsive across [read more]
• 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.
• Prestige Capital Extends A $10,000,000 AR Finance Facility for Southeast Call Center Committed to Maintaining a Human Touch (3/10/2023) - FORT LEE, NJ (MAR 2023) —  A Southeast-based subsidiary of a European holding company was introduced to Prestige by one of its premier referral sources seeking a solution to expand its call center operations and repay some of its intracompany advances. Within two weeks of signing the proposal letter, [read more]
• 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 [read more]
• Prestige Capital Extends $3,000,000 to Expand Education Programming to the Youth of Greater Philadelphia  (9/29/2022) - FORT LEE, NJ (SEP 2022) — A Philadelphia-based nonprofit organization offering education programming throughout Greater Philadelphia since 1992 was in the market for a new funding source. Their most recent source of funding went through financial difficulties of its own and was purchased by another lender that didn’t feel [read more]
• Prestige Capital Supports the Work and Expansion of a Joint Commission Certified Medical Staffing Company with $1,000,000 in Funding (9/9/2022) - FORT LEE, NJ (SEP 2022) —  A leading nationwide medical staffing provider sought funding to staff nurses quickly at hospitals to support the rising need as a result of Covid-19. In order to make their rapidly increasing payroll, the client required easily accessible cash flow. Initially, one of their [read more]
• Prestige Capital Continues to Expand its Business Development Team and Welcomes Umberto G. DiStefano (8/15/2022) - FORT LEE, NJ (AUG 2022) —  Prestige Capital is pleased to announce that Umberto G. DiStefano has joined the company as Sales Director- MidAtlantic. Umberto, previously a Product Manager at Coface North America, where he sold insurance products to B2B, small and medium size businesses, will be responsible for [read more]
• 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 [read more]
• Prestige Capital leads a coalition of 5 finance companies to provide $100M in capital to address urgent health care staffing needs across the nation. (5/11/2022) - FORT LEE, NJ (MAY 2022) — Prestige Capital has a long history of providing funds to companies to address immediate working capital needs. In 2018, Prestige Capital provided a $3M factoring facility to a west coast staffing company providing both temporary and permanent staffing. A little more than a [read more]
• Prestige Capital Supports the Growth of the largest Private Label, baby food manufacturer in the United States with $2,500,000 in Funding (3/12/2022) - FORT LEE, NJ (MAR 2022) —  A California based private label organic baby food manufacturing and co-packer needed a working capital line to increase volume in order to add additional product lines to their offering. They previously secured a credit facility based on real estate and machinery from their [read more]
• 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 [read more]
• Prestige Capital is Gifting $250 for Your Best 1985 Story in Celebration of 36 Years in Business! (11/11/2021) - FORT LEE, NJ (NOV  2021) —  This year Prestige Capital hits a milestone- 36 years in business! In gematria, a form of Jewish numerology, the number 36 represents double life and luck. “So, we can’t help but pinch ourselves every time we think about how long we’ve been in [read more]
• Prestige Capital Provided $5,000,000 to a Fashion and Jewelry Importer and Distributor that Pivoted to PPE Sales (7/18/2021) - FORT LEE, NJ (JULY 2021) – Prestige Capital recently provided $5,000,000 to a fashion and jewelry importer and distributor that shifted to sell PPE and Medical Equipment during the pandemic. The funding was used to replenish resources required to produce these new items. In order to survive and thrive [read more]
• Prestige Capital Uses the Power of Relationships to Provide $500,000 to Kansas City Healthcare Service Company (7/6/2021) - KANSAS CITY, MO (JULY 2021) — Lee Iacocca once said “ “Business, after all, is nothing more than a bunch of human relationships.” Iacocca is best known for the development of the Ford Mustang and Ford Pinto cars in the 1960’s. Sixty years later, Lee’s statement still holds true [read more]
• 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.
• Listen to Rachel Hersh on Good Hard Work on WOLB Talk 1010 AM. She’s speaking about Entrepreneurship & Business Development. (3/18/2021) - by Rachel Hersh I was so honored to be asked to participate in this conversation for radio station WOLB Baltimore https://wolbbaltimore.com for Women’s History Month. In this conversation I discuss entrepreneurship and business development as well as women making a place for themselves in the business world.   Have [read more]
• 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 [read more]
• 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 [read more]
• 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
• Learn how accounts receivable financing helps underserved businesses access capital. (7/14/2020) - See the webinar with Next Street.
• Next Up Alternative Funders An Interview with Prestige Capital (7/9/2020) - Alternative funders are increasingly playing a key role in filling the estimated $87B gap in unmet small business capital needs that we see, and are even more important in today’s uncertain environment. Next Street’s Sam Berg recently sat down with Rachel Hersh, Sales Director, North America at Prestige Capital to discuss the role of accounts receivable financing.
• 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 [read more]
• 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 [read more]
• The Secured Lender – Vernon Francois: Prestige Capital Supports Entrepreneur’s Partnership with Sally Beauty (2/5/2020) - Vernon Francois grew up in a Rastafarian household where the weekly tradition was having his hair braided every Sunday. The experience was so painful that he decided to learn how to braid hair himself, using carpets and window shade edges as practice.
• Forbes – Closing The Small Business Financing Gap: Invoice Factoring Basics (1/30/2020) - Check out our own Rachel Hersh's contribution to this Forbes article entitled, Closing The Small Business Financing Gap: Invoice Factoring Basics.
• 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)
• 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 [read more]
• 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 [read more]
• How to Utilize Factoring to Grow Your Technology Business (2/21/2019)
• 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 [read more]
• 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 [read more]
• 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 [read more]
• 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 [read more]
• 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: [read more]
• 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 [read more]
• 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 [read more]
• Prestige Capital Featured in Built In NYC Newsletter (11/12/2015) - New York Tech Startups Getting Funding from Unusual Source
• Crain’s New York (12/9/2014) - Start Ups That Can’t Get Financing Try Old Trick
• Bergen Record (8/1/2011) - Cash Flow Facilitators
• Technology Assistance Corporation’s Newsletter (2/1/2008) - It Takes a Village to Raise a Company, Too