Rosenthal & Rosenthal, the factoring, asset-based lending, purchase order financing and inventory financing firm, completed two factoring transactions totaling $6.5 million and $25 million in factoring volume.
A New Jersey-based home goods and apparel company was looking to establish a new product line that would be sold to major retailers. An existing and long-time client of Rosenthal’s, the company approached Rosenthal for help to finance the new entity. Already familiar with the client’s business and financing needs, Rosenthal was able to work quickly to provide a $2 million factoring facility to fulfill the working capital needs of the company for its new venture.
“We know this client’s business quite well, so we were able to seamlessly jump in to support their continued growth and provide the working capital they needed to expand their product lines,” Joel Wolitzer, senior vice president and business development officer at Rosenthal, said.
A decorative wallpaper company based in New Jersey was in need of receivable and inventory financing when it realized that its existing bank relationship was no longer a good fit. After being referred by a bank partner, Rosenthal was able to provide a $4.5 million factoring facility to support the company’s working capital needs and sales opportunities with major retailers.
“Our flexible factoring solutions offer clients access to critical working capital when they need it most, especially when their existing banking relationships are no longer able or willing to support them the way they had been,” Michael Cipriani, executive vice president of business development at Rosenthal, said.
