Prestige Capital Finance, closed a $2 million factoring arrangement for a California-based plant farm, specializing in potted and indoor blooming plants. The proceeds from the factoring arrangement will be used to help this grower expand its footprint in home centers across the U.S.
Prestige Capital promoted Rachel Hersh to sales director, North America. Hersh will be based in New York and Long Island and will be responsible for continuing to grow Prestige Capital’s footprint in North America.
Specialty finance company Veritas Financial Partners closed a $10 million accounts receivable financing facility in partnership with Prestige Capital.