Prestige Capital leads a coalition of 5 finance companies to provide $100M in capital to address urgent health care staffing needs across the nation

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 year later this client graduated from the Prestige Capital program and was able to secure financing from a traditional bank. Fast forward 2 years and this same company came back to Prestige and was quickly set up with a $24M credit line as their bank could not keep up with the client’s growth. Approximately 90 days after closing, the client was approached with an opportunity to more than triple its current volume by making them responsible for staffing up to 1,700 additional health care providers to administer COVID-19 vaccines and work in hospitals. To take on such a formidable task, they asked Prestige to raise their line from $24M to $100M. Since this level of funding was much greater than Prestige could provide on its own, Prestige leveraged their relationships with other finance companies to expeditiously provide funding so they could be the answer to the client’s opportunity and meet their needs. “When we say relationships matter, we mean it”, says Stuart Rosenthal, President of Prestige Capital. “Our network of partners and the relationships we have with our current and former clients, allow us to find solutions fast and serve as an industry leader when there are invoices that need funding. It also allows us to explore creative ways to support our clients and collaborate with our partners. “Prestige got to work pulling together a group of four additional finance companies to ensure the staffing agency had what it needed. The syndication included: Rosenthal & Rosenthal, Lenders Funding, Sterling Commercial Credit, and Great Elm Capital. Together, they were able to secure the $100M.”Historically, Rosenthal & Rosenthal has not participated in a syndicated credit deal where we were not the lead lender. However, because of our prior experience working with Prestige Capital and our confidence in their ability to lead this credit, we were grateful for the opportunity and pleased to participate,” said Paul Schuldiner, EVP and Chief Lending Officer at Rosenthal & Rosenthal. “This deal reflects our excellent track record of partnering with other lenders and demonstrates our capabilities and our expertise providing capital to a wide range of industries, the staffing sector among them. “The one thing that we all learned as a result of COVID was the importance of working together for the benefit of others. In this case, these companies joined forces to provide funding that not only allows this client to grow but also contributes to supporting the health of the public in the midst of a global pandemic.

About Prestige Capital For over 35 years, Prestige Capital has helped nearly one thousand Early Stage and Mid-Size companies grow or turn around their businesses by providing more than $4 billion in cash advances, converting accounts receivable into immediate working capital. Prestige Capital continues to help companies who do not qualify for traditional bank financing or who need financing faster than a bank’s lengthy underwriting process allows. Our goal is to help entrepreneurs reach the next level, whether that’s ultimately selling the business or being established enough to switch to traditional bank financing. To learn more, contact: Prestige Capital 400 Kelby St., 10th Floor Fort Lee, NJ 07024 USA Toll free Phone: 877-944-4455 www.prestigecapital.com

Prestige Capital Supports the Growth of the largest Private Label, baby food manufacturer in the United States with $2,500,000 in Funding

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 bank but a prospective AR lender that they were hoping to receive funding from backed out at the 11th hour. “ We received a call from the inventory lender who knew Prestige could keep the deal alive and close it fast,” shares Stuart Rosenthal, President at Prestige Capital. “ When banks are not able to provide working capital on a business’s accounts receivable, companies like ours are able to fill the gap. This is what we did for this deal.”Access to this funding allowed this organic baby food company to grow with multiple lines of baby food and no limits on their cash needs.

About Prestige Capital

For over 36 years, Prestige Capital has helped nearly one thousand Early Stage and Mid-Size companies grow or turn around their businesses by providing more than $4 billion in cash advances, converting accounts receivable into immediate working capital. Prestige Capital continues to help companies who do not qualify for traditional bank financing or who need financing faster than a bank’s lengthy underwriting process allows. Our goal is to help entrepreneurs reach the next level, whether that’s ultimately selling the business or being established enough to switch to traditional bank financing.

To learn more, contact: Prestige Capital 400 Kelby St., 10th Floor Fort Lee, NJ 07024 USA

Toll free Phone: 877-944-4455 www.prestigecapital.com

Prestige Capital Celebrates 36 Years in Business!

FORT LEE, NJ — 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 business,” says Rachel Hersh, Sales Director, North America, at Prestige Capital.While a lot has changed over the last three decades, Prestige Capital plans to keep some things the same. “The power of building strong partnerships has been vital to our longevity, and we have no plans to change that,” says Prestige Capital’s President Stuart Rosenthal. “We couldn’t be more grateful to still be around to serve our clients, partners, and employees. They’ve been such a great part of our success.”Prestige Capital looks forward to the next 36 years and beyond as it continues to assist clients and strengthen relationships.

About Prestige Capital For over 35 years, Prestige Capital has helped nearly one thousand Early Stage and Mid-Size companies grow or turn around their businesses by providing more than $4 billion in cash advances, converting accounts receivable into immediate working capital. Prestige Capital continues to help companies who do not qualify for traditional bank financing or who need financing faster than a bank’s lengthy underwriting process allows. Our goal is to help entrepreneurs reach the next level, whether that’s ultimately selling the business or being established enough to switch to traditional bank financing. To learn more, contact: Prestige Capital 400 Kelby St., 10th Floor Fort Lee, NJ 07024 USA Toll free Phone: 877-944-4455 www.prestigecapital.com

Prestige Capital Provided $5,000,000 to a Fashion and Jewelry Importer and Distributor that Pivoted to PPE Sales

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 during the pandemic, this New York based importer and distributor leveraged its vast existing relationships with factories and salespeople across the globe to procure gloves and disposable masks. This resulted in a large purchase order from a retailer. The company has now expanded to sell supplies to governments, hospitals, and nursing homes.This importer and distributor came to Prestige by way of a broker who was working with another lender that was not able to complete the funding within the required timeframe.“Prestige is pleased to help established companies pivot during the pandemic.” said Stuart Rosenthal, President of Prestige Capital. “Prestige has increasingly played a role in helping importers and distribution companies expand their product line to include PPE and medical supplies.”In 2020, Prestige Capital funded a record number of companies across a broad range of industries. This year, Prestige expects to continue to serve companies that pivot as the economy opens and they explore innovative ways to stay in business.

About Prestige Capital

For over 35 years, Prestige Capital has helped nearly one thousand Early Stage and Mid-Size companies grow or turn around their businesses by providing more than $4 billion in cash advances, converting accounts receivable into immediate working capital. Prestige Capital continues to help companies who do not qualify for traditional bank financing or who need financing faster than a bank’s lengthy underwriting process allows. Our goal is to help entrepreneurs reach the next level, whether that’s ultimately selling the business or being established enough to switch to traditional bank financing.To learn more, contact:Prestige Capital400 Kelby St., 10th FloorFort Lee, NJ 07024 USAToll free Phone: 877-944-4455www.prestigecapital.com

Prestige Capital Supports the New Owners of a New York based Construction and Design Firm with $12,000,000 in Funding

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 banker knew of Prestige’s unique underwriting capabilities and referred the client to Prestige Capital. “When we say relationships matter, we mean it.”, says Stuart Rosenthal, President at Prestige Capital. “Our database is not just a collection of contacts, it’s a network of relationships that we leverage to support our clients.”Prestige has been partnering with this particular banker for years. “We’ve successfully funded various deals with this referral partner over the years.” says Rachel Hersh, Sales Director, North America at Prestige Capital. “Partners know that we don’t base our decision on the financial strength or weakness of our clients, rather we focus on the quality of the accounts receivable. This gives them confidence that Prestige can finance companies that have good accounts receivable without their financial strength being a barrier. This partnership keeps Prestige top of mind when a deal with AR crosses their desk and needs cash flow fast.”Access to this funding allowed this construction design consultant firm to obtain the cash they needed to transition smoothly. The $12,000,000 line provided the client the liquidity that they needed to bid on and fulfill new contracts without skipping a beat. Now, just like their clients, they have a strong foundation they can build on.

About Prestige Capital

For over 36 years, Prestige Capital has helped nearly one thousand Early Stage and Mid-Size companies grow or turn around their businesses by providing more than $4 billion in cash advances, converting accounts receivable into immediate working capital. Prestige Capital continues to help companies who do not qualify for traditional bank financing or who need financing faster than a bank’s lengthy underwriting process allows. Our goal is to help entrepreneurs reach the next level, whether that’s ultimately selling the business or being established enough to switch to traditional bank financing.To learn more, contact:Prestige Capital400 Kelby St., 10th FloorFort Lee, NJ 07024 USAToll free Phone: 877-944-4455www.prestigecapital.com