Rachel Hersh, based in New York and Long Island, was promoted to Sales Director, North America at Prestige Capital Corp., a 35-year-old factoring firm based in Ft. Lee, NJ. Hersh has more than 20 years of experience in the factoring industry and will be responsible for continuing to grow Prestige Capital’s footprint in North America.

“In the 12 years that Rachel has been with Prestige, she has successfully expanded partnerships across the continent. This title better reflects the broad reach that Rachel has established and will continue to maintain for Prestige Capital,” said Stuart Rosenthal, Prestige Capital’s Executive Vice President.

Hersh has gained national recognition as one of the most influential and successful business development officers in the factoring industry. She was also featured in 2018 CFA’s Women in Commercial Finance. Hersh has recently been interviewed as a thought leader on the factoring industry on 77WABC Mind Your Business. She is a frequent speaker on finance panels, including seminar presentations to commercial banks, law firms and accounting firms, and has been a speaker at the Daymond John Academy. She has authored numerous articles and has a featured monthly blog.

Prestige Capital, founded in 1985, is a commercial finance company which specializes in factoring for early stage and mid-size companies. It purchases invoices from a broad spectrum of businesses whose accounts receivable range from $100,000 to $25 million.