Rachel Hersh is the Sales Director, North America for Prestige Capital. She has over 20 years of experience as a financial executive in the areas of commercial finance, factoring, and business development. Rachel has a successful track record of working with hundreds of companies, from start-ups to high-growth companies to turnarounds, to increase their working capital and growth capital as well as provide debtor-in-possession financing needs. She helps clients to understand available financing options and how to best leverage their assets to gain liquidity for their businesses. She is an active member of the Commercial Finance Association, International Factoring Association, and Turnaround Management Association. Rachel was selected as a Woman in Commercial Finance for The Secured Lender, Women in Commercial Finance issue by the Commercial Finance Association, and recognized as a Top Woman in Business on Long Island by Long Island Press. Don’t miss other episodes talking about the different types of alternative financing with Jill Earthy, Principal of Risery and interim CEO of Women’s Enterprise Centre of BC, and Christine Chang, CEO of 6th Avenue Capital. In this episode, Rachel shared:➤  Rachel’s journey into the invoice factoring world (5:29)➤  How invoice factoring works (7:04)➤  The benefits of invoice factoring for small businesses (9:09)➤  Why invoice factoring isn’t widely used by small businesses (16:00)➤  When invoice factoring is right for a business (22:27)➤  The simple underwriting and onboarding process with Prestige Capital (28:44)➤  The key terms on an invoice factoring contract with Prestige Capital (31:55)➤ The cost of borrowing for invoice factoring vs. traditional loan (33:40)➤ How to utilize invoice factoring strategically (34:46) ➤ The different type of businesses who can take advantage of invoice factoring (39:10)➤ Stay with your mission. Work with trustworthy partners (40:57)Contact MeReady to transform your purpose to an impactful business financial story, profit, and joy? Schedule a chat with me at any time.Connect with Rachel and Prestige Capital:➤ Website➤ Linkedin - Rachel Hersh➤ Linkedin - Prestige Capital➤ Facebook