Prestige Capital Announces $7 million in additional PPE Funding

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 a continuation of our commitment to healthy Both of the PPE companies that Prestige funded were successful pivots. One company was in the plant-based wellness business. The company pivoted from manufacturing botanic supplements to manufacturing breathable, washable masks. The company had initial success selling masks directly to consumers. Retailers, however, wanted access to the masks given their comfort and practicality. Prestige worked with a purchase order company to provide $2 million to suppliers to ensure demand could be met.

The second funded company is an established import/ export business out of Florida that had a successful gift item business. The company leveraged its connections in China to access swab components (e.g., transfer tubes). The company received $5 million from Prestige to deliver on government contracts.

“Prestige is thrilled to fund companies that have successfully pivoted to PPE products,” said Stuart Rosenthal, President of Prestige Capital. “We are proud to support companies that are able to evolve, innovate and flex to fill important gaps in the market.”

About Prestige Capital

For over 34 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. Visit www.prestigecapital.com or call 877-944-4455 to learn more.

Prestige Capital Announces a Participation of $1,500,000 For Non-Durable Goods Distributor

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 customers from its existing bank. The proceeds of the funding were used to purchase additional inventory to service a growing list of retailers, including a Fortune 100 chain.

“The funding of this plant farm is a continuation of our commitment to hThis distributor delivers name brand toilet paper, among its products. And if there’s one certainty during this pandemic, its consumers’ fear of running out of toilet paper. Given demand, the company was looking for fast access to capital. Their bank was not able to accommodate the full amount within the company’s timeframe. However, wanting to ensure the distributor got the capital it needed, their bank worked with Prestige and several other factoring companies to lock in funding.

“We were thrilled to participate in this funding,” said Stuart Rosenthal, President of Prestige Capital. “We’re doing what we can to help consumers access essential goods during this pandemic. This is just one example of how invoice factoring can make a difference.”

About Prestige Capital

For over 34 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. Visit www.prestigecapital.com or call 877-944-4455 to learn more.

Prestige Capital Provides $7MM in Additional PPE Funding

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 supplements to manufacturing breathable, washable masks. The company had initial success selling masks directly to consumers. Retailers, however, wanted access to the masks. Prestige worked with a purchase order company to provide $2 million to suppliers to ensure demand could be met.

Prestige Capital Announces a Participation of $1,500,000 for essential goods distribution

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 of the funding were used to purchase additional inventory to service a growing list of retailers, including a Fortune 100 chain.

Prestige Capital Provides $2MM to California Grower of Potted and Indoor Plants

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