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Prestige Capital Invoice Factoring Review
Prestige Capital is an invoice factoring company based in Fort Lee, NJ. They work with orders greater than $300,000 for companies in the agriculture, construction, distribution, food and beverage, healthcare, manufacturing, oil and gas, service, small business, staffing, textiles, and trucking industries.
One of Prestige Capital’s strongest advantages is they offer non-recourse factoring. This works out well for companies because they don’t have to worry about a chargeback if the client doesn’t pay their invoice. These chargebacks can create serious revenue issues, and may impair business operations.
Prestige Capital also shines in that they provide funding incredibly quickly once you factor an invoice. You can use this capital to meet payroll, invest in new technologies, or anything else that might help grow your business.
Finally, they have a very professional and easy to use website. Our research indicates that this is a solid predictor of the type of service customers receive, and helps them move up a bit relative to other companies we reviewed.
However, there are some issues with Prestige Capital. The first is they don’t have much or any information on their site regarding pricing on contract information. As a result you’ll have to get in touch with them if you’re considering their factoring services. much or any information on their site regarding pricing on s that lack transparency are moer likely to have customer service satisfaction issues.
Prestige Capital also loses points because they have higher fees than most of the other invoice factoring companies we researched. This can be a deal breaker for many business that are looking to invoice factoring because they have a problem with cash-on-hand.
Finally, they have some problems with customer service. The complaints we saw alledged they were bad at responding to inquiries, or didn’t provide clear or accurate information to customers.
Prestige Capital offers some interesting options for their clients, and provide good consumer information as well as non-recourse financing, but the lack of pricing transparency keeps them out of the top invoice factoring companies we reviewed.