In the News

Follow the latest news and commentary from Prestige Capital.

• Prestige Capital Extends $3,000,000 to Expand Education Programming to the Youth of Greater Philadelphia Posted on September 20, 2022FORT LEE, NJ (SEP 2022) — A Philadelphia-based nonprofit organization offering education programming throughout Greater Philadelphia since 1992 was in the market for a new funding source. Their most recent source of funding went through financial difficulties of its own …
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• Prestige Capital Supports the Work and Expansion of a Joint Commission Certified Medical Staffing Company with $1,000,000 in Funding Posted on August 1, 2022FORT LEE, NJ (JULY 2022) —  A leading nationwide medical staffing provider sought funding to staff nurses quickly at hospitals to support the rising need as a result of Covid-19. In order to make their rapidly increasing payroll, the client …
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• Prestige Capital leads a coalition of 5 finance companies to provide $100M in capital to address urgent health care staffing needs across the nation Posted on June 21, 2022FORT 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 …
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• Prestige Capital Supports the Growth of the largest Private Label, baby food manufacturer in the United States with $2,500,000 in Funding Posted on June 21, 2022FORT 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 …
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• Prestige Capital Celebrates 36 Years in Business! Posted on June 21, 2022FORT 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 …
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• Prestige Capital Provided $5,000,000 to a Fashion and Jewelry Importer and Distributor that Pivoted to PPE Sales Posted on June 21, 2022FORT 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 …
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• Prestige Capital Supports the New Owners of a New York based Construction and Design Firm with $12,000,000 in Funding Posted on March 31, 2022FORT 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. …
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• Opal Avenue Presents: Funding Major Retail Purchase Orders with Rachel Hersh and Mia Bell Posted on July 19, 2021Rachel Hersh of Prestige Capital and Mia Bell of Inspired Beauty Wholesale come together for an epic webinar. Rachel helps small-scale beauty & personal care brands better understand available funding options when figuring out massive retailer purchase orders. And all without …
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• How to Build Your Consumer Products Company for Sale with Sally Anne Hughes from Hughes Klaiber and Rachel Hersh from Prestige Capital Posted on June 11, 2021Enjoy this lively and candid conversation with Sally Anne Hughes, founder of mergers and acquisitions firm Hughes Klaiber. Sally Anne will share insight into the current M&A market for consumer products companies (hint – it’s strong, despite COVID!) and discuss …
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• Unleash Your Supernova: Fireside Chat with Author Nova Lorraine and Prestige Capital’s Rachel Hersh discussing ways to combat burnout with creativity. Posted on May 11, 2021About Prestige Capital For over 35 years, Prestige Capital has helped 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 …
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• Rachel Hersh, Sales Director North America, and Vanessa Ting, Growth Consultant, and former Senior Buyer for Target discuss how to succeed in selling to major retailers. Posted on March 18, 2021About Prestige Capital For over 35 years, Prestige Capital has helped 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 …
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• Listen to Rachel Hersh on Good Hard Work on WOLB Talk 1010 AM. She’s speaking about Entrepreneurship & Business Development. Posted on March 18, 2021Listen by clicking the link below: https://drive.google.com/file/d/1V6eBTldi1B9QGqGtzX-zKoZ9p78hvTWg/view
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• Prestige Capital Announces $500,000 for an Interior Furnishings Company Posted on February 11, 2021NEW JERSEY (January 20, 2021) – Prestige Capital Finance, LLC recently delivered $500,000 in growth capital to a distributor of air ventilation products to meet COVID building protocols.  Given the early stage of the business, capital was required to deliver goods. …
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• Prestige Capital Announces $1.5 Million for a Contract Manufacturer Posted on December 15, 2020NEW 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 …
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• Prestige Capital Announces $2.0 Million for a Reverse Logistics Company Posted on December 2, 2020NEW 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 …
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• Prestige Capital Announces $5 Million for a Leveraged Buyout Posted on November 11, 2020NEW 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 …
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• Prestige Capital Provides $7MM in Additional PPE Funding Posted on September 2, 2020Prestige 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 …
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• Prestige Capital Announces a Participation of $1,500,000 for essential goods distribution Posted on August 26, 2020Continuing 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 …
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• Prestige Capital Provides $2MM to California Grower of Potted and Indoor Plants Posted on August 25, 2020Prestige 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 …
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• Why is accounts receivable financing like an ATM for invoices? Posted on July 15, 2020Rachel Hersh will discuss how accounts receivable financing can be used to improve cWatch Prestige Capital’s TV interview with Fox Baltimore (BMore Lifestyle) on Facebook. Watch on Facebook
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• Learn how accounts receivable financing helps underserved businesses access capital. Posted on July 14, 2020See the webinar with Next Street.
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• Join us: July 7 at 2 PM for a WEBINAR with Next Street. Posted on July 6, 2020Rachel Hersh will discuss how accounts receivable financing can be used to improve cash flow for both business growth and business preservation during these times of uncertainty. Sign up here
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• Watch Rachel Hersh on ThisIsItTV Posted on July 4, 2020Rachel discusses how accounts receivable financing can help businesses scale rapidly.
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• Financing Your Business Recovery and Growth. Listen to Rachel Hersh on Her CEO Journey Posted on July 3, 2020The Business Finance Podcast for Women Entrepreneurs
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• Prestige Capital Closes $1.25MM in Recent Factoring Arrangements Posted on July 2, 2020Prestige Capital Finance closed $1.25 million in combined factoring arrangements for Nouri Life, a probiotics company; KiiTO, a plant-based nutrition company; and Cure Hydration, a sports hydration company. Companies that meet the needs of consumers seeking healthy and nutritious options …
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• The Secured Lender – Vernon Francois: Prestige Capital Supports Entrepreneur’s Partnership with Sally Beauty Posted on February 5, 2020Vernon 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.
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• Forbes – Closing The Small Business Financing Gap: Invoice Factoring Basics Posted on January 30, 2020Even 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.
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• Rachel Hersh Honored as Power Woman in Business on Long Island by Long Island Press Posted on May 8, 2019Rachel Hersh, Sales Director, North America recently received recognition as a Power Woman in Business at the The Long Island Press Power Women in Business Awards & Networking Event. Rachel’s unique ability to develop loyal, mutually beneficial relationships and her congenial …
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• Stuart Rosenthal Presents at Annual Credit & Bankruptcy Symposium Posted on May 3, 2019Prestige Capital’s President, Stuart Rosenthal, recently participated in a panel discussion, “New Opportunities in Asset Based Lending; A Fresh Look at Cannabis, MCA Finance and Factoring” at the American Bankruptcy Institute’s 13th Annual Credit & Bankruptcy Symposium in Connecticut. During the …
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• 2nd Annual Networking and Stand-Up Comedy Night Posted on November 28, 2018Prestige Capital’s 2nd Annual Comedy Night at WeWork was a GREAT success! We had a packed room and everyone laughed the night away. Upon arrival at WeWork,  I was so pleased to see all the delicious food and great wine from …
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• Rachel Hersh Interviewed on 77 WABC Radio’s “Mind Your Business” Posted on November 1, 2018I was thrilled to be interviewed on 77 WABC Radio’s “Mind Your Business” with Yitzchok Saftlas. What did the host and I discuss? A lot of people think that what we do here at Prestige Capital is too good to …
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• Rachel Hersh Featured in The Secured Lender – Women in Commercial Finance Issue Posted on June 26, 2018I am proud to be featured in The Secured Lender Women in Commercial Finance Issue. It is an honor to be recognized alongside other successful women exemplifying excellence. Special thanks to the Commercial Finance Association for recognizing our contributions and …
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• How Factoring is Keeping New York’s Construction Industry Booming Posted on November 3, 2016Step outside in New York City and, chances are, you’ll see scaffolding. According to the New York Building Congress, $40 billion worth of construction projects have been launched in Manhattan, Brooklyn, Queens, and The Bronx — and construction spending is expected …
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• WeWork Creator Posted on September 9, 2016“When you Can’t Get a Business Loan, 3 Ways to Raise Money Fast”, featuring Rachel Hersh
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• Exciting to be interviewed on The Why Factor – BBC World Service program! Posted on July 28, 2016Those of you who know me know that I conduct many “Lunch and Learns” and frequently speak and write on a variety of financial topics. My favorite topic: helping businesses find the funding they need to grow. This spring I …
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• Prestige Capital Featured in Built In NYC Newsletter Posted on November 12, 2015New York Tech Startups Getting Funding from Unusual Source
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• Crain’s New York Posted on December 9, 2014Start Ups That Can’t Get Financing Try Old Trick
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• Bergen Record Posted on August 1, 2011Cash Flow Facilitators
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• Technology Assistance Corporation’s Newsletter Posted on February 1, 2008It Takes a Village to Raise a Company, Too
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