TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
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August 21, 2023
Source: Prestige Capital
FORT LEE, NJ (AUG 2023) — Prestige Capital is pleased in announcing that Mark J. Simshauser has joined our team as Senior Director – Northeast US responsible for building and driving business development throughout the Northeast region.
“I've known Mark for many years and have consistently been impressed by his marketing skill set and his genuine assistance to his clients. His detailed comprehension of restructuring and growth capital financing situations is paramount, as Prestige Capital is dedicated to crafting personalized working capital solutions for companies seeking our support, rather than forcing them into a predefined credit framework. Mark's in-depth asset based – invoice financing industry understanding, vast experience, and “solutions driven” nature will benefit both our clients and team significantly,” said Stuart Rosenthal, President of Prestige Capital. “We are delighted to have him join the Prestige Capital family.”
Mr. Simshauser brings over 20 years of SME and middle market financing experience. His career began in 1999 at FINOVA Capital, where he developed financing opportunities across the country for multiple financing groups of the parent company. Since then, Mark has built commercial loan portfolios for national banks, regional banks, and “non-bank” independent finance companies driving direct loan growth and institutional profitability throughout the Northeast.
“I've always wanted to be a part of an aggressive and well respected platform further reinforced by outstanding senior executive leadership. Stu, Alan, and the entire Prestige team, in all honesty, embody that culture and strong industry reputation. I'm excited about joining forces and becoming an integral part of an industry leader” said Senior Director, Mark Simshauser.
Mark can be contacted directly at msimshauser@prestigecapital.com or at (516) 660-4501.
About Prestige
Since 1985, Prestige Capital, a commercial finance company, has been funding clients directly by turning invoices into cash. We purchase invoices from a broad range of companies with annual sales ranging from $2 million to $300 million. Prestige Capital continues to help companies that either do not qualify for traditional bank financing or need financing faster than a bank’s lengthy underwriting process allows.
“I've known Mark for many years and have consistently been impressed by his marketing skill set and his genuine assistance to his clients. His detailed comprehension of restructuring and growth capital financing situations is paramount, as Prestige Capital is dedicated to crafting personalized working capital solutions for companies seeking our support, rather than forcing them into a predefined credit framework. Mark's in-depth asset based – invoice financing industry understanding, vast experience, and “solutions driven” nature will benefit both our clients and team significantly,” said Stuart Rosenthal, President of Prestige Capital. “We are delighted to have him join the Prestige Capital family.”
Mr. Simshauser brings over 20 years of SME and middle market financing experience. His career began in 1999 at FINOVA Capital, where he developed financing opportunities across the country for multiple financing groups of the parent company. Since then, Mark has built commercial loan portfolios for national banks, regional banks, and “non-bank” independent finance companies driving direct loan growth and institutional profitability throughout the Northeast.
“I've always wanted to be a part of an aggressive and well respected platform further reinforced by outstanding senior executive leadership. Stu, Alan, and the entire Prestige team, in all honesty, embody that culture and strong industry reputation. I'm excited about joining forces and becoming an integral part of an industry leader” said Senior Director, Mark Simshauser.
Mark can be contacted directly at msimshauser@prestigecapital.com or at (516) 660-4501.
About Prestige
Since 1985, Prestige Capital, a commercial finance company, has been funding clients directly by turning invoices into cash. We purchase invoices from a broad range of companies with annual sales ranging from $2 million to $300 million. Prestige Capital continues to help companies that either do not qualify for traditional bank financing or need financing faster than a bank’s lengthy underwriting process allows.
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