Prestige Capital Announces $1.5 Million for a Contract Manufacturer

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 finance company, this New Jersey-based company needed additional support to fund a line of alcohol-based freezer pops for a major beverage supplier and distributor. Prestige was able to reduce the purchase order finance company’s exposure and provided for additional working capital all within a week of the application being completed.

“Prestige is delighted to support contract manufacturers,” said Stuart Rosenthal, President of Prestige Capital. “With our accounts receivable financing, we can provide fast funding to ensure contract manufacturers meet their clients’ needs in a timely manner.”

Over the past few months Prestige Capital has funded a record number of businesses looking to pivot and expand their product set. Through referral partners, such as purchase order financings companies, Prestige is able to deliver financing to a broad range of companies.

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 $2.0 Million for a Reverse Logistics Company

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 returns.

Referred to Prestige Capital by a business consultant, this Connecticut-based company needed financing as a result of the pandemic. The company was impacted during shelter-in-place mandates when inventory was not moving. Recently, however, the company received a surge of requests as retailers across the U.S reopened their doors.

“Prestige is pleased to provide flexible financing to companies that were impacted by the pandemic,” said Stuart Rosenthal, President of Prestige Capital. “Our accounts receivable financing enables businesses to access capital when they need it so that they can continue to provide uninterrupted services.”

Over the past few months Prestige Capital has funded a record number of businesses that were impacted by COVID, including companies that have seen increased demand for goods and services.

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 $5 Million for a Leveraged Buyout

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 ongoing working capital needs for both entities.

To complete the leveraged buyout of this point-of-purchase display company, Prestige used the acquired company’s accounts receivable as well as the purchaser’s accounts receivable. The acquiring company received funding within weeks of their completed application.

“Prestige is thrilled that this former client had the trust and faith in us to facilitate this transaction,” said Stuart Rosenthal, President of Prestige Capital. “With the fundsavailable, these unified companies now have the ability to serve additional markets

throughout the country and grow their base.”

Over the past few months, Prestige Capital has funded a record number of businesses.

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 ongoing working capital needs for both entities.

To complete the leveraged buyout of this point-of-purchase display company, Prestige used the acquired company’s accounts receivable as well as the purchaser’s accounts receivable. The acquiring company received funding within weeks of their completed application.

“Prestige is thrilled that this former client had the trust and faith in us to facilitate this transaction,” said Stuart Rosenthal, President of Prestige Capital. “With the fundsavailable, these unified companies now have the ability to serve additional markets

throughout the country and grow their base.”

Over the past few months, Prestige Capital has funded a record number of businesses.

Companies continue to see accounts receivable financing as a viable option during the pandemic to take advantage of opportunities for growth.

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 $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.