Daily News: April 14, 2014

Prestige Capital Announces Addition of Regional Sales Directors

Prestige Capital announced Dhruv Lal as its Midwest Regional Sales Director and Phil Maloney as its Southwest Regional Sales Director.

Based out of Minneapolis, Minnesota and Dallas, Texas, respectively, Lal and Maloney will work with companies throughout the Midwest and Southwest regions to introduce them to Prestige’s flexible accounts receivable financing program.

“We are excited to have Dhruv and Phil join our team,” says Executive Vice President Stuart Rosenthal. “Our firm has been doing business across the country and has been seeking professional representation in these regions, who can educate clients and referral sources about Prestige’s unique financing program. Dhruv and Phil have deep ties in these regions and are excited to bring Prestige’s program to their respective markets.”

A seasoned professional with over 30 years of banking and financial service experience in the US, Canada and Africa, Lal represented a Minnesota factoring company prior to joining Prestige Capital.

“Joining Prestige Capital enables me to show business owners how to better serve their business by understanding how to utilize Prestige Capital’s accounts receivable financing, traditional and hybrid factoring financial solutions,” says Lal.

Prior to joining Capital, Maloney owned Advantage Funding Services, an accounts receivable financing and asset based lending firm in Plano, Texas which helped arrange financing for businesses with cash flow needs. “Having the opportunity to introduce more businesses in the Southwest to Prestige Capital, a full service organization with almost thirty years’ experience is extraordinary,” adds Maloney.

“We are confident that these additions will strengthen our already seasoned and knowledgeable sales team,” says Rosenthal.