- 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.
- 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]
- 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]
- 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 [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]
- 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 New Owners of a New York based Construction and Design Firm with $12,000,000 in Funding (3/31/2022) - FORT LEE, NJ (MARCH 2022) — A New York based construction design consulting firm was acquired by new owners. They were unable to get funding from their bank due to legal and financial issues that took place under previous ownership. Though their bank had recently exited their loan, their [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]
- 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]
- Prestige Announces $500,000 for a Sustainable Beauty Products Firm (3/18/2021) - NEW JERSEY (February 10, 2021) – Prestige Capital Finance, LLC recently provided $500,000 to a sustainable beauty firm. The beauty firm recently signed contract with a chain of retail stores and needed fast financing to fill orders. The sustainable beauty movement has gained momentum as consumers are more conscious about [read more]
- 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 [read more]
- 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 [read more]
- 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 [read more]
- 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 [read more]
- Prestige Capital Announces $7 million in additional PPE Funding (9/11/2020) - NEW JERSEY (September 2, 2020) – Prestige Capital Finance, LLC is proud to continue funding PPE providers. In July alone, Prestige provided $7 million to two companies to fund the manufacturing and importing of masks, swab transport containers, disinfectant wipes and more. “The funding of this plant farm is [read more]
- Prestige Capital Announces a Participation of $1,500,000 For Non-Durable Goods Distributor (9/9/2020) - NEW JERSEY (August 26, 2020) – Continuing its commitment to help during the pandemic, Prestige Capital Finance, LLC recently participated in funding for a non- durable goods distributor based in Rhode Island. Prestige provided $1.5 million to this New England company as part of a carve out of certain [read more]
- Prestige Capital Announces Funding of $2,000,000 For a Large Grower of Potted and Indoor Plants (8/18/2020) - NEW JERSEY (August 18, 2020) – Plants can boost mood, reduce stress, and improve air quality. That’s why Prestige Capital Finance, LLC is pleased to announce the recent closing of a $2,000,000 factoring arrangement for a California-based plant farm, specializing in potted and indoor blooming plants. The proceeds from [read more]
- Prestige Capital Announces Funding of $2,500,000 for Distributor of Vascular Tubing, Catheters and Pediatric Intravenous Kits (5/22/2020) - NEW JERSEY (May 19, 2020) – Prestige Capital Finance, LLC is pleased to announce the closing of a $2,500,000 factoring arrangement for a Florida – based designer and distributor of vascular tubing, catheters and pediatric intravenous kits for sale to institutional medical concerns. The company was tasked by a [read more]
- Prestige Capital Continues Expansion with the Addition of Larry Artman (7/10/2019) - Fort Lee, N.J. (July 10, 2019) – Prestige Capital, a 35-year-old factoring firm based in Ft. Lee, NJ has hired Larry Artman of Marietta, Georgia, to join its team as Sales Director, Southeast. Mr. Artman has more than 35 years of experience in the financial services sector and will [read more]
- Great Elm Capital Corp. Announces Investment inPrestige Capital (2/25/2019) - Waltham, Mass., February 22, 2019 – Great Elm Capital Corp. (“we,” “us,” “our” or “GECC”), (NASDAQ: GECC), announced that on February 8, 2019 it acquired 80.0% of the outstanding equity interests inPrestige Capital (“PCC”) from PCC’s retiring founder, Harvey Kaminski. PCC is a commercial finance company specializing in factoring [read more]
- Prestige Capital Announces the Promotion of Rachel Hersh to the Position of Sales Director, North America (1/30/2019) - Fort Lee, N.J. (January 30, 2019) – Rachel Hersh, based in New York and Long Island, was recently promoted to Sales Director, North America at Prestige Capital, a 35-year-old factoring firm based in Ft. Lee, NJ. Rachel has more than 20 years of experience in the factoring industry and [read more]
- Prestige Capital Closes $18.7 Million in New Business (2/1/2016) - Prestige Capital January Results
- Prestige Capital Launches New Website (9/18/2015) - Prestige Capital Corporation Website Launch Press Release
- Prestige Capital Announces Rachel Hersh as Northeast Sales Director (4/16/2007) - Industry veteran Rachel Hersh has joinedPrestige Capital as Northeast Sales Director.
Press ReleasesPrestige Capital2018-06-26T06:07:54+00:00
