Press Releases

• 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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• Prestige Announces $500,000 for a Sustainable Beauty Products Firm Posted on March 18, 2021NEW JERSEY (February 10, 2021) – Prestige Capital Finance, LLC recently provided $500,000 to a sustainable beauty firm. The beauty firm recently signed contract with a chain of retail stores and needed fast financing to fill orders. The sustainable beauty movement …
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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 Announces $7 million in additional PPE Funding Posted on September 11, 2020NEW 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 …
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• Prestige Capital Announces a Participation of $1,500,000 For Non-Durable Goods Distributor Posted on September 9, 2020NEW 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 …
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• Prestige Capital Announces Funding of $2,000,000 For a Large Grower of Potted and Indoor Plants Posted on August 18, 2020NEW JERSEY (August 18, 2020)  – Plants can boost mood, reduce stress, and improve air quality. That’s why Prestige Capital Finance, LLC is pleased to announce the recent closing of a $2,000,000 factoring arrangement for a California-based plant farm, specializing …
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• Prestige Capital Announces Funding of $2,500,000 for Distributor of Vascular Tubing, Catheters and Pediatric Intravenous Kits Posted on May 22, 2020NEW JERSEY (May 19, 2020) – Prestige Capital Finance, LLC is pleased to announce the closing of a $2,500,000 factoring arrangement for a Florida – based designer and distributor of vascular tubing, catheters and pediatric intravenous kits for sale to …
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• Prestige Capital Continues Expansion with the Addition of Larry Artman Posted on July 10, 2019Fort Lee, N.J. (July 10, 2019) – Prestige Capital, a 35-year-old factoring firm based in Ft. Lee, NJ has hired Larry Artman of Marietta, Georgia, to join its team as Sales Director, Southeast. Mr. Artman has more than 35 years …
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• Great Elm Capital Corp. Announces Investment inPrestige Capital Posted on February 25, 2019Waltham, Mass., February 22, 2019 – Great Elm Capital Corp. (“we,” “us,” “our” or “GECC”), (NASDAQ: GECC), announced that on February 8, 2019 it acquired 80.0% of the outstanding equity interests inPrestige Capital (“PCC”) from PCC’s retiring founder, Harvey Kaminski. …
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• Prestige Capital Announces the Promotion of Rachel Hersh to the Position of Sales Director, North America Posted on January 30, 2019Fort Lee, N.J. (January 30, 2019) – Rachel Hersh, based in New York and Long Island, was recently promoted to Sales Director, North America at Prestige Capital, a 35-year-old factoring firm based in Ft. Lee, NJ. Rachel has more than …
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• Prestige Capital Closes $18.7 Million in New Business Posted on February 1, 2016Prestige Capital January Results
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• Prestige Capital Launches New Website Posted on September 18, 2015Prestige Capital Corporation Website Launch Press Release
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• Prestige Capital Announces Rachel Hersh as Northeast Sales Director Posted on April 16, 2007Industry veteran Rachel Hersh has joinedPrestige Capital as Northeast Sales Director.
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