About 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 or call 877-944-4455 to learn more.

The post 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. appeared first on Prestige Capital.

The sustainable beauty movement has gained momentum as consumers are more conscious about what they use on their bodies. This California, mother-and-daughter owned-business was an early adopter of the movement, sourcing local plant-based extracts to provide essential skin care. Given continuous growth in the industry, these dynamic entrepreneurs wanted a financing company that could grow with their company. After consulting with a referral partner in the space, they chose Prestige.

“Prestige is pleased to help a family-owned business get the fast financing needed for large scale product distribution,” said Stuart Rosenthal, President of Prestige Capital. “Prestige has increasingly played a role in the sustainable beauty movement, and is proud to support natural and clean-living products.”

In 2020 Prestige Capital funded a record number of companies across a broad range of industries. This year, Prestige expects to continue to serve high-growth businesses with fast financing and exceptional servicing.

About 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 or call 877-944-4455 to learn more.

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by Rachel Hersh

I was so honored to be asked to participate in this conversation for radio station WOLB Baltimore https://wolbbaltimore.com for Women’s History Month. In this conversation I discuss entrepreneurship and business development as well as women making a place for themselves in the business world.

Have a listen:

https://drive.google.com/file/d/1V6eBTldi1B9QGqGtzX-zKoZ9p78hvTWg/view

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Already in the construction industry, this New York-based company decided to branch out to supply General Contractors with products that promote safety, cleanliness and wellness. With demand high from existing clients, orders came quickly.  The company, in need of fast financing, reached out to a trusted advisor who referred Prestige Capital.  Funding was provided within a week to keep cash flow going.  

“Prestige is delighted to fund early stage companies,” said Stuart Rosenthal, President of Prestige Capital. “Equity is not the only option for fast-growth companies. Invoice financing can accelerate growth for start-ups that have relationships with larger companies.”

Last year, Prestige Capital funded a record number of companies across a broad range of industries. Through referral partners, Prestige was able to deliver tens of millions of dollars in financing to high growth companies and companies that pivoted during the pandemic.

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.

The post Prestige Capital Announces $500,000 for an Interior Furnishings Company appeared first on Prestige Capital.

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.

The post Prestige Capital Announces $1.5 Million for a Contract Manufacturer appeared first on Prestige Capital.

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.

The post Prestige Capital Announces $2.0 Million for a Reverse Logistics Company appeared first on Prestige Capital.

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.

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“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.

The post Prestige Capital Announces $7 million in additional PPE Funding appeared first on Prestige Capital.

“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.

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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.

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