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The Secured Lender – Vernon Francois: Prestige Capital Supports Entrepreneur’s Partnership with Sally Beauty

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

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.

Giving Thanks

At this time of year, as we reflect on all that we are thankful for, I extend my thanks to the community that I am a part of. I am fortunate to work in an industry that I love and to work with people that I respect and admire.

Colleagues and Friends

At a recent industry conference, it was so rewarding to be amongst people who view one another as friendly competitors and collaborators. Meeting with colleagues across North America, making new friends every year, and seeing old friends is a wonderful way to recognize that I am in an industry that is warm and welcoming.

Prestige Capital Team

I am grateful for the amazing team at Prestige Capital, who make my job easy, by using their combined 35 plus years of experience to run our firm with integrity and ease for our clients. Every client feels cared for and listened to. It is illustrated in the testimonials that clients gladly give us and the referrals we receive from them. This vote of confidence brings us great pride.

Referral Partners

And I am incredibly appreciative of my referral partners, some of whom I now happily call friends. I have worked with many of you for 20 plus years in this industry and have enjoyed every moment of our friendship and partnership. The referrals that are sent have such warm introductions that potential clients feel connected to us even prior to the call.

Our Clients

I am especially thankful for my clients who have put their trust in us as they navigate the uncharted, and at times unpredictable, waters of growing a business. As the landscape of business has changed dramatically, especially in recent years, we have stayed on top of trends and we have become proficient in these newer industries that have evolved over the years, such as the technology sector and the subscription box space, and are always open to learning and exploring new and emerging businesses that seek our help.

You all make me look forward to each and every day, and for that, I am extremely grateful.

Wishing you a Happy Thanksgiving!

With appreciation and thanks,
Rachel

Medium – 6th Avenue Capital – Sheroes of Alternative Financing

Supporting women business owners (WBO) is not only the right thing to do, but also makes good business sense. WBOs are a critical part of the economy and are growing at more than double the rate of all businesses. Yet, WBOs continue to face additional barriers when accessing funding to start and run their businesses. Women are less likely to seek financing for their businesses and tend to ask for less capital than men. When they apply for loans, WBOs are approved at lower rates than their male counterparts and oftentimes, receive smaller loan amounts, shorter loan terms, and higher interest rates. Despite these headwinds, women founded businesses deliver more than two times the revenue per dollar invested than those founded by men.

Prestige Capital Retains Midwest Sales Director

Fort Lee, N.J. (October 15, 2019) – Prestige Capital, a 34-year-old specialty finance company based in Ft. Lee, NJ recently hired Stacey Huddleston of Kansas City, Missouri to join its team as Sales Director, Midwest. Mr. Huddleston has almost two decades worth of experience in the financial services sector specifically in the Commercial & Industrial and asset based lending spheres. His new role at Prestige will be to oversee the growth of Prestige Capital in the Midwest region, specifically Kansas, Missouri, Oklahoma, and Texas. Mr. Huddleston will be based out of Kansas City, Missouri.

“Stacey brings years of experience and talent to our business,” said Stuart Rosenthal, Prestige Capital’s President. “We, as well as our clients, are lucky to have him on board as Prestige continues to grow and expand nationwide.”

Before joining Prestige Capital, Mr. Huddleston was the Senior Finance Relationship Manager at C2FO, a global Fintech company. While there his responsibilities were to provide asset-based lending solutions to support cash flow needs to growing B2B companies throughout the U.S. 

Mr. Huddleston is a member of the Association for Corporate Growth (ACG) and has supported several nonprofit events including Bunker Labs KC, a national network of veteran entrepreneurs dedicated to helping new veteran entrepreneurs start their own businesses. He also speaks frequently to banking, business professionals, and high school students on various financial topics. Mr. Huddleston is a U.S. Army veteran and a graduate from Illinois State University and Baker University, where he earned his MBA.

About Prestige Capital

Prestige Capital, founded in 1985, is a commercial finance company that specializes in factoring for early-stage and mid-sized companies. They purchase invoices from a broad spectrum of businesses whose accounts receivable range from $100,000 to $25 million. Financing situations range from growth financing, refinancing, leverage buyouts, turnaround, and DIP financing. For decades, Prestige has been a leader in financing new industries such as artificial intelligence, innovative software, telecommunications, and energy conservation companies, as well as, traditional industries such as staffing, construction, consumer products, and many others. For more information about Prestige Capital, visit: https://prestigecapital.com or call 201-944-4455.  

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