Why Work with Prestige?
1. Simple
Unlike other factors, we do not require that clients factor all of their invoices. Clients choose which customers and which invoices to factor based on their need for either cash or credit protection. All non-factored cash we receive will be returned without any fees. The only fees we charge are factoring fees, a one-time application fee, and wire transfer fees.
2. Fast
No other factor can close faster than Prestige Capital. We have funded transactions in as little as three business days from the initial phone call. The average transaction, however, takes between 4 and 5 business days to fund. We are able to accomplish this because we focus on the quality of the clients’ customers and the ability to verify invoices, rather than on the clients’ financial condition.
3. Straightforward
We maintain the highest level of professionalism, integrity, and transparency. Our fee structure is very simple and there are no hidden charges or ambiguous language in our contracts.
Additionally, there are:
- NO Minimum Factoring Fees
- NO Long Term Contract Requirements (as short as 3 months)
- NO Closing Costs (other than a one-time due diligence fee)
- NO Traditional Personal Guarantees
- NO Financial Statement Requirements
- NO Operational Audits
- NO Legal Fees
- NO Minimum Invoice Fees
- NO Obligation to Sell All Receivables. You choose which receivables to fund.
4. Flexible
Whether dealing with family-owned business or financial sponsor-owned business, clients benefit from our experience and unique approach that allows us to find flexible solutions to leverage their accounts receivable. Also, since we assist in collections, our clients do not have to worry about staffing those functions.
