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Description

Prestige Capital is a commercial finance company specializing in factoring for Early Stage and Mid-Size companies. We purchase invoices from businesses whose accounts receivable range from $1 million to $250 million in annual sales. Why Work with Prestige? 1. Simple - Unlike other factors, we do not require that clients factor all of their invoices. Clients choose which customers and which invoices to factor based on their need for either cash or credit protection. All non-factored cash we receive will be returned without any fees. The only fees we charge are factoring fees, a one-time application fee, and wire transfer fees. 2. Fast - No other factor can close faster than Prestige Capital. We have funded transactions in as little as three business days from the initial phone call. The average transaction, however, takes between 4 and 5 business days to fund. We are able to accomplish this because we focus on the quality of the clients' customers and the ability to verify invoices, rather than on the clients' financial condition. 3. Straightforward - We maintain the highest level of professionalism, integrity, and transparency. Our fee structure is very simple and there are no hidden charges or ambiguous language in our contracts. Additionally, there are: NO Minimum Factoring Fees NO Long Term Contract Requirements (as short as 3 months) NO Closing Costs (other than a one-time due diligence fee) NO Traditional Personal Guarantees NO Financial Statement Requirements NO Operational Audits NO Legal Fees NO Minimum Invoice Fees NO Obligation to Sell All Receivables. You choose which receivables to fund. 4. Flexible - Whether dealing with family-owned business or financial sponsor-owned business, clients benefit from our experience and unique approach that allows us to find flexible solutions to leverage their accounts receivable. Also, since we assist in collections, our clients do not have to worry about staffing those functions.