Articles – Prestige Capital

The Secured Lender – Vernon Francois: Prestige Capital Supports Entrepreneur’s Partnership with Sally Beauty

Prestige Capital — Wed, 05 Feb 2020 23:16:46 +0000

Vernon 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

Prestige Capital — Thu, 30 Jan 2020 17:56:50 +0000

Check out our own Rachel Hersh’s contribution to this Forbes article entitled, Closing The Small Business Financing Gap: Invoice Factoring Basics.

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The Secured Lender – Despite Competition, Factors Still Growing

Prestige Capital — Thu, 18 Apr 2019 15:37:02 +0000

For factors, 2018 was a very solid year for business, with many in the industry experiencing growth across all regions and specialties, whether organically or through acquisition. Despite the good news, industry leaders do note that competition remained erce, and they predict more of the same for the year ahead. Banks continue to be highly liquid, and independent factors are likely to see additional pressure from regional and community banks.

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EACC New York Newsletter – From Lingerie to Construction

Prestige Capital — Thu, 15 Sep 2016 13:49:40 +0000

The hazy days of summer were definitely not lazy. Prestige Capital worked on a broad range of deals in a wide spectrum of industries that reflects the state of business in 2016. There was a huge uptick in the technology and construction industries. Both have invoices that are paid based on milestone or progress billings.

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Raine Magazine – Creative Ways to Finance your Business

Prestige Capital — Thu, 04 Feb 2016 14:10:23 +0000

In the 16 years that I have been in the accounts receivable finance industry, I have worked with companies across a wide range of industries and sizes. What often surprises me is that a vast majority of business owners have never heard of using accounts receivable financing to create cash flow for their business.

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Built In NYC – New York tech startups getting funding from an unusual source

Prestige Capital — Wed, 11 Nov 2015 14:48:50 +0000

These days billion dollar tech companies are no longer rare enough to be called unicorns. So many millions of dollars of VC money is sloshing around the city that you could be forgiven for thinking it’s easy for startups to raise money.

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Crain’s New York – Startups That Can’t Get Financing Try Old Trick

Prestige Capital — Mon, 08 Dec 2014 15:22:08 +0000

After raising $10.5 million from investors last year, real-time Web and mobile conferencing firm CaféX Communications wouldn’t seem to be the typical candidate for factoring. The financing approach—where firms sell their accounts receivable to a financial-services firm to get cash into their coffers more quickly—is much more common in the garment trade and other old-line industries.

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What Are Your Commercial Financing Options?

Prestige Capital — Tue, 01 Nov 2011 20:53:05 +0000

In large measure, many banks are not to blame for the obstacles small business owners face in obtaining loans. Rather, government regulators review bank lending practices, and, therefore, standards have tightened in recent years. There are, however, several commercial finance alternatives for business owners and entrepreneurs. These traditionally consist of factoring, purchase order financing and asset-based lending.

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Restaurants & Institutions Magazine – Factoring for Food Service Companies

Prestige Capital — Mon, 01 Nov 2010 20:55:15 +0000

Like many sectors, food service vendors have been caught up in the recent severe lending
credit environment. In large measure, the banks are not responsible as they are merely reacting to the warnings of government regulators. As has always been the case, banks must reasonably comply with both internal and external credit policies and regulations. However, many bankers now believe external policies have resulted in additional tightening. If they fail to stiffen credit standards, this may result in penalties and other consequences that bankers would like to avoid by maintaining a conservative loan portfolio.

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Community Magazine – A Tradition of Financing Solutions

Prestige Capital — Thu, 26 Aug 2010 21:01:33 +0000

Harvey Kaminski, President ofPrestige Capital of Fort Lee, New Jersey, and Stuart Rosenthal, Prestige’s Executive Vice President, often draw upon their Jewish roots and beliefs when designing their approach to transacting business.

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