Prestige Capital Hires Simshauser as Senior Director for Northeast Region

Mark J. Simshauser joined Prestige Capital as senior director for the Northeast. He will be responsible for building and driving business development throughout the 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,” Stuart Rosenthal, president of Prestige Capital, said. “We are delighted to have him join the Prestige Capital family.”

Simshauser has more than 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, Simshauser has built commercial loan portfolios for national banks, regional banks and 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,” Simshauser said.