In the News – Prestige Capital https://www.prestigecapital.com Invoice Funding Made Simple Wed, 04 Mar 2026 19:16:16 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://www.prestigecapital.com/wp-content/uploads/2020/05/cropped-favicon-96x96-1-32x32.png In the News – Prestige Capital https://www.prestigecapital.com 32 32 AI Data Innovation Company Secures $3 Million Facility from Prestige Capital to Power Hypergrowth https://www.prestigecapital.com/ai-data-innovation-company-secures-3-million-facility-from-prestige-capital-to-power-hypergrowth/ https://www.prestigecapital.com/ai-data-innovation-company-secures-3-million-facility-from-prestige-capital-to-power-hypergrowth/#comments Thu, 19 Feb 2026 20:06:01 +0000 https://www.prestigecapital.com/?p=4935 Invoice financing is a powerful tool for businesses that are generating revenue quickly but need capital to keep up with demand.

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SADDLE BROOK, NJ (FEBRUARY 2026) — A West Coast–based artificial intelligence data research and development company has secured a $3,000,000 invoice financing facility from Prestige Capital to support its rapid expansion and surging demand from leading AI labs worldwide.

The company specializes in providing high-quality training data that fuels the development of advanced artificial intelligence models, a critical component in today’s fast-moving AI ecosystem. Referred by a private financial firm that connects high-growth companies with private lenders through a technology-driven approach, the transaction was designed to keep pace with the company’s accelerating revenue and operational scale.

Growing faster than traditional equity raises can accommodate, the company turned to invoice financing as a flexible solution to unlock working capital tied up in receivables. The facility expands in line with sales, allowing the business to meet payroll, invest in talent and infrastructure, and continue delivering at speed without slowing momentum.

“AI-driven companies are scaling at unprecedented rates, and access to timely capital is essential to sustaining that growth,” said Rachel Hersh, Sales Director, North America at Prestige Capital. “Invoice financing is a powerful tool for businesses that are generating revenue quickly but need capital to keep up with demand. Our team structured a solution that grows alongside the company, providing liquidity exactly when it’s needed.”

With Prestige Capital’s facility in place, the company is positioned to maintain velocity, support its expanding client base, and continue innovating at the forefront of the AI data landscape.

About Prestige

Since 1985, Prestige Capital, a commercial finance company, has been funding clients directly by turning invoices into cash. We purchase invoices from a broad range of companies with annual sales ranging from $3 million to $300 million. Prestige Capital continues to help companies that either do not qualify for traditional bank financing or need financing faster than a bank’s lengthy underwriting process allows.

 

To learn more, contact:
Park 80 West, Plaza One
250 Pehle Avenue, Suite 313
Saddle Brook, NJ 07663
Toll free Phone: 877-944-4455
www.prestigecapital.com

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A Solar Panel Maintenance Company Improves Their Operations with a $500,000 Facility from Prestige Capital https://www.prestigecapital.com/a-solar-panel-maintenance-company-improves-their-operations-with-a-500000-facility-from-prestige-capital/ https://www.prestigecapital.com/a-solar-panel-maintenance-company-improves-their-operations-with-a-500000-facility-from-prestige-capital/#comments Thu, 01 Aug 2024 23:34:05 +0000 https://www.prestigecapital.com/?p=4900 A leading solar power maintenance company faced a unique challenge when their lender mandated payment from their customer be made via check and not made electronically.

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FORT LEE, NJ (AUG 2023) — A leading solar power maintenance company faced a unique challenge when their lender mandated payment from their customer be made via check and not made electronically. This requirement was quite unusual  and began to impact the overall relationship between the solar company and its client. A consultant informed the CEO about Prestige Capital. Recognizing the need for a swift and effective solution, the CEO of the solar company heeded his friend’s recommendation and reached out.

 While in the process of growing the company, the CEO sought a simple and expedited resolution to this issue and found Prestige Capital. With Prestige’s program, the company was able to streamline its process.

 “Prestige did what they said – processed our application quickly, set up a clear onboarding meeting, and put money in our bank. They did it faster than any other factoring company that we have worked with in the past. Things have moved smoothly ever since,” remarked the solar company’s CEO.

 Rachel Hersh, Sales Director, North America at Prestige Capital commented, “We were pleased to witness how invoice financing not only supported the business’s growth but also played a crucial role in maintaining a healthy relationship between the client and their customer.”

Through the adoption of invoice financing, the solar company is successfully navigating its growth trajectory while also ensuring a positive dynamic with its customers.

 About Prestige

Since 1985, Prestige Capital, a commercial finance company, has been funding clients directly by turning invoices into cash. We purchase invoices from a broad range of companies with annual sales ranging from $2 million to $300 million. Prestige Capital continues to help companies that either do not qualify for traditional bank financing or need financing faster than a bank’s lengthy underwriting process allows.

 

To learn more, contact:

Prestige Capital

400 Kelby St., 10th Floor

Fort Lee, NJ 07024 USA

Toll free Phone: 877-944-4455

www.prestigecapital.com

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My latest is now in the Secured Lender https://www.prestigecapital.com/my-latest-is-now-in-the-secured-lender/ https://www.prestigecapital.com/my-latest-is-now-in-the-secured-lender/#comments Sat, 02 Sep 2023 15:30:10 +0000 https://www.prestigecapital.com/?p=4805 I was so pleased when I was asked to write an article on the basics of factoring.

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By Rachel Hersh

I was so pleased when I was asked to write an article on the basics of factoring.  Since my background is in sales and marketing, I was unfamiliar with this industry until I became a part of it 25 years ago. Since then I have made it my mission to educate both companies and their advisors on the benefits of this form of financing which does not dilute equity and provides immediate cash flow.

Download my article here:

Factoring 101 by Rachel Hersh

Here is the magazine issue where you’ll find the article:

You’ll find it on page 44. Enjoy!

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Prestige Capital Continues to Expand its Business Development Team and Welcomes Mark J. Simshauser https://www.prestigecapital.com/prestige-capital-continues-to-expand-its-business-development-team-and-welcomes-mark-j-simshauser/ https://www.prestigecapital.com/prestige-capital-continues-to-expand-its-business-development-team-and-welcomes-mark-j-simshauser/#comments Sun, 20 Aug 2023 16:57:33 +0000 https://www.prestigecapital.com/?p=4812 Mark J. Simshauser has joined our team as Senior Director – Northeast US.

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FORT LEE, NJ (AUG 2023) — Prestige Capital is pleased in announcing that Mark J. Simshauser has joined our team as Senior Director – Northeast US responsible for building and driving business development throughout the Northeast region.

“I’ve known Mark for many years and have consistently been impressed by his marketing skill set and his genuine assistance to his clients. His detailed comprehension of restructuring and growth capital financing situations is paramount, as Prestige Capital is dedicated in crafting personalized working capital solutions for companies seeking our support, rather than forcing them into a predefined credit framework. Mark’s in-depth asset based – invoice financing industry understanding, vast experience, and “solutions driven” nature will benefit both our clients and team significantly,” said Stuart Rosenthal, President of Prestige Capital. “We are delighted to have him join the Prestige Capital family.”

Mr. Simshauser brings over 20 years of SME and middle market financing experience. His career began in 1999 at FINOVA Capital, where he developed financing opportunities across the country for multiple financing groups of the parent company.  Since then, Mark has built commercial loan portfolios for national banks, regional banks, and “non-bank” independent finance companies driving direct loan growth and insitiutional profitbaility throughout the Northeast.

“I’ve always wanted to be a part of an aggressive and well respected platform further reinforced by outstanding senior executive leadership. Stu, Alan, and the entire Prestige team, in all honesty, embody that culture and strong industry reputation. I’m excited in joining forces and becoming an integral part of an industry leader.,” said Senior Director, Mark Simshauser.

Mark can be contacted directly at msimshauser@presigecapital.com or at (516) 660-4501.

About Prestige

Since 1985, Prestige Capital, a commercial finance company, has been funding clients directly by turning invoices into cash. We purchase invoices from a broad range of companies with annual sales ranging from $2 million to $300 million. Prestige Capital continues to help companies that either do not qualify for traditional bank financing or need financing faster than a bank’s lengthy underwriting process allows.

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US-Based Beverage Company Seizes Growth Opportunity with Prestige Capital’s Invoice Financing https://www.prestigecapital.com/us-based-beverage-company-seizes-growth-opportunity-with-prestige-capitals-invoice-financing/ https://www.prestigecapital.com/us-based-beverage-company-seizes-growth-opportunity-with-prestige-capitals-invoice-financing/#comments Wed, 19 Jul 2023 12:35:13 +0000 https://www.prestigecapital.com/?p=4791 FORT LEE, NJ (JUL 2023) —  A US-based beverage company's bank no longer supported the client when their inventory needs grew beyond the bank’s lending formula. An asset-based lender who offers inventory, purchase order financing  as well as invoice financing came to an agreement with the client on a replacement facility. As a lender, their [read more]

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FORT LEE, NJ (JUL 2023) —  A US-based beverage company’s bank no longer supported the client when their inventory needs grew beyond the bank’s lending formula. An asset-based lender who offers inventory, purchase order financing  as well as invoice financing came to an agreement with the client on a replacement facility. As a lender, their due diligence and underwriting process was going to take approximately 60 days. The client needed immediate cash and asked if there was a bridge solution that could be offered.

Fortunately, the asset-based lender has a relationship with Prestige Capital and understood that Prestige could provide a short term bridge solution for the client.

By doing so, it allows the asset based lender the appropriate time to complete its due diligence while the client continues to access working capital through Prestige.

Rachel Hersh, Sales Director, North America at Prestige Capital, expressed enthusiasm about finalizing the deal, stating, “Invoice financing can act as a bridge to an asset-based lender, particularly in time-sensitive situations. With our ability to close deals in just 5 to 7 business days, we are often relied upon to support various types of time-sensitive scenarios.” Hersh commented, “This deal showcased how invoice financing can foster mutually beneficial outcomes.”

Through the strategic utilization of invoice financing, the US-based company successfully maintained its growth trajectory while simultaneously enabling the asset-based lender to preserve the deal.

About Prestige

Since 1985, Prestige Capital, a commercial finance company, has been funding clients directly by turning invoices into cash. We purchase invoices from a broad range of companies with annual sales ranging from $2 million to $300 million. Prestige Capital continues to help companies that either do not qualify for traditional bank financing or need financing faster than a bank’s lengthy underwriting process allows.

 

To learn more, contact:

Prestige Capital

400 Kelby St., 10th Floor

Fort Lee, NJ 07024 USA

Toll free Phone: 877-944-4455

www.prestigecapital.com

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Prestige Capital gets a new look and launches a new website and refreshes their logo. https://www.prestigecapital.com/prestige-capital-gets-a-new-look-and-launches-a-new-website-and-refreshes-their-logo/ https://www.prestigecapital.com/prestige-capital-gets-a-new-look-and-launches-a-new-website-and-refreshes-their-logo/#comments Mon, 15 May 2023 12:31:14 +0000 https://www.prestigecapital.com/?p=4790 FORT LEE, NJ (MAY 2023) — After months of dedicated effort from our team at Prestige Capital, we are thrilled to announce the launch of our newly updated website! Throughout the redesign process, our primary focus was to create a more valuable and user-centric resource that is responsive across all platforms and devices. Our aim [read more]

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FORT LEE, NJ (MAY 2023) — After months of dedicated effort from our team at Prestige Capital, we are thrilled to announce the launch of our newly updated website!

Throughout the redesign process, our primary focus was to create a more valuable and user-centric resource that is responsive across all platforms and devices. Our aim was to make it easier for users to access and find valuable information about our invoice financing solution, catering to their business funding needs whether they’re at their desk or on a mobile device.

To achieve this, we have reorganized the information based on user type, ensuring that each visitor can quickly find the content most relevant to them. Furthermore, we have prominently featured our case studies, which highlight the diverse ways in which invoice financing can be utilized, on our service pages. We believe this will showcase the versatility and effectiveness of our solution.

Staying up to date with our latest webinars and company announcements is now simpler than ever. We have streamlined the process, enabling users to access this information directly from our newsroom. By doing so, we hope to provide our audience with valuable insights and keep them informed about our activities.

Alongside the new website, we have also refreshed our logo, giving it a more contemporary and modern feel. This update reflects our commitment to evolving with the times and remaining at the forefront of our industry.

We invite you to explore our new and improved website, and we sincerely hope you enjoy the enhanced user experience it offers!

About Prestige

Since 1985, Prestige Capital, a commercial finance company, has been funding clients directly by turning invoices into cash. We purchase invoices from a broad range of companies with annual sales ranging from $2 million to $300 million. Prestige Capital continues to help companies that either do not qualify for traditional bank financing or need financing faster than a bank’s lengthy underwriting process allows.

 

To learn more, contact:

Prestige Capital

400 Kelby St., 10th Floor

Fort Lee, NJ 07024 USA

Toll free Phone: 877-944-4455

www.prestigecapital.com

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My contribution to the Innovation Finance Playbook https://www.prestigecapital.com/my-contribution-to-the-innovation-finance-playbook/ https://www.prestigecapital.com/my-contribution-to-the-innovation-finance-playbook/#comments Sat, 25 Mar 2023 20:33:45 +0000 https://www.prestigecapital.com/?p=4730 I was so pleased when my colleague, Jonathan Bragdon made a warm introduction to his friend and colleague, Aunnie Patton.

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By Rachel Hersh

I was so pleased when my colleague, Jonathan Bragdon made a warm introduction to his friend and colleague, Aunnie Patton.

Aunnie is an author, professor, consultant, and lecturer.

She was working on a project  funded by the US Economic Development Administration and in partnership with Blueprint Local and the Nowak Metro Finance Lab. It builds on her work on alternative financing options for SMEs (including her book: Adventure.Finance). More on the project here: Innovative.Finance. One of the outputs is a playbook: Innovative Financing Models for COVID recovery.

As part of this playbook, she asked me to contribute to  a chapter on Supply Chain Financing. I was honored to contribute to the playbook to give businesses a better understanding of the landscape of alternative financing options.

Here is the article:

Always glad to contribute and help businesses learn more about financing options available to them.

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Prestige Capital Extends A $10,000,000 AR Finance Facility for Southeast Call Center Committed to Maintaining a Human Touch https://www.prestigecapital.com/prestige-capital-extends-a-10000000-ar-finance-facility-for-southeast-call-center-committed-to-maintaining-a-human-touch/ https://www.prestigecapital.com/prestige-capital-extends-a-10000000-ar-finance-facility-for-southeast-call-center-committed-to-maintaining-a-human-touch/#comments Fri, 10 Mar 2023 15:32:29 +0000 https://www.prestigecapital.com/?p=4727 FORT LEE, NJ (MAR 2023) —  A Southeast-based subsidiary of a European holding company was introduced to Prestige by one of its premier referral sources seeking a solution to expand its call center operations and repay some of its intracompany advances. Within two weeks of signing the proposal letter, Prestige underwrote and closed the deal, [read more]

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FORT LEE, NJ (MAR 2023) —  A Southeast-based subsidiary of a European holding company was introduced to Prestige by one of its premier referral sources seeking a solution to expand its call center operations and repay some of its intracompany advances. Within two weeks of signing the proposal letter, Prestige underwrote and closed the deal, enabling the company to expand its call center operations in the US and obtain additional funds to smooth out its cash flow needs.  

Stuart Rosenthal, President of Prestige Capital, said, “It’s been almost 40 years, and I’m still amazed at how quickly we can solve a cash flow problem. Our extensive network and expertise in almost all industries allow us to close deals quickly and provide flexible solutions.”

This funding enabled the company to better support its US-based clients, increase its US footprint, and take the pressure off the foreign parent while still maintaining a personal touch with its clients.  

About Prestige

Since 1985, Prestige Capital, a commercial finance company, has been funding clients directly by turning invoices into cash. We purchase invoices from a broad range of companies with annual sales ranging from $2 million to $300 million. Prestige Capital continues to help companies that either do not qualify for traditional bank financing or need financing faster than a bank’s lengthy underwriting process allows.

 

To learn more, contact:

Prestige Capital

400 Kelby St., 10th Floor

Fort Lee, NJ 07024 USA

Toll free Phone: 877-944-4455

www.prestigecapital.com

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Factoring 101 featured in The Secured Lender Magazine https://www.prestigecapital.com/factoring-101-featured-in-the-secured-lender-magazine/ https://www.prestigecapital.com/factoring-101-featured-in-the-secured-lender-magazine/#comments Sat, 22 Oct 2022 15:32:31 +0000 https://www.prestigecapital.com/?p=4416 by Rachel Hersh “ I was honored when the Secured Lender Magazine the publication of The Secured Finance Network asked me to pen an article on Factoring basics aka Factoring 101- for their October issue which would be distributed on college campuses. Factoring and Asset Based Lending   is not often taught in business school and which [read more]

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by Rachel Hersh

“ I was honored when the Secured Lender Magazine the publication of The Secured Finance Network asked me to pen an article on Factoring basics aka Factoring 101- for their October issue which would be distributed on college campuses. Factoring and Asset Based Lending   is not often taught in business school and which many current industry  members, myself included, have fallen into, often by accident. With intentionality we are trying to change that narrative by promoting our industry on college campuses. This issue also included a section called Great Places to Work – which is a question and answer section about the benefits of working at various firms, Prestige is included on page 76. I hope that it brings fresh new talent to our industry and improves diversity in our industry as well.”

Check out the article here!

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Prestige Capital Extends $3,000,000 to Expand Education Programming to the Youth of Greater Philadelphia  https://www.prestigecapital.com/prestige-capital-extends-3000000-to-expand-education-programming-to-the-youth-of-greater-philadelphia/ https://www.prestigecapital.com/prestige-capital-extends-3000000-to-expand-education-programming-to-the-youth-of-greater-philadelphia/#respond Thu, 29 Sep 2022 12:56:40 +0000 https://www.prestigecapital.com/?p=4793 FORT 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 and was purchased by another lender that didn’t feel comfortable working with nonprofit clients.    The [read more]

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FORT 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 and was purchased by another lender that didn’t feel comfortable working with nonprofit clients.   

The organization’s executive director contacted Prestige and they were able to quickly find a solution to fund more than $2 million in open receivables and pay off the previous lender. “It’s always great to be able to help a company who’s making a difference in their community.”, says Stuart Rosenthal, President at Prestige Capital. “Knowing that invoice financing can be used to make a social impact is very rewarding.”

 

Prestige was able to pay off the existing lender with the proceeds from the first funding and move forward with a large enough facility to comfortably fund their expected growth. “We tend to have solutions for funding that others don’t offer,” says Christopher Foss, Direct Sales Manager at Prestige Capital. “I like the fact that we can support the growth of organizations that are making a difference.” Access to this funding allowed this nonprofit organization to grow. Now they can serve even more youth with their powerful mission.  

 

About Prestige Capital:

Since 1985, Prestige Capital has been helping Early Stage and Mid-Size companies grow or turn around their businesses by providing more than $4 billion in funding , by converting accounts receivable into immediate working capital.  Prestige Capital continues to help companies who do not qualify for traditional bank financing or who need financing faster than a bank’s lengthy underwriting process allows.

 

To learn more, contact:

Prestige Capital

400 Kelby St., 10th Floor

Fort Lee, NJ 07024 USA

Toll free Phone: 877-944-4455

www.prestigecapital.com

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