Rosenthal & Rosenthal completed a recent $4.5 million factoring deal with an Alabama-based designer, marketer and distributor of licensed sports-related gifts, collectibles and home décor products.
As part of the deal, Rosenthal will provide factoring services, including back office and collections support, with advances on both inventory and receivables.
The company was unhappy with its long-time lender and sought out an alternative financing partner that could support the production financing requirements associated with its licensed NFL, MLB, NBA, NHL, Browning and Harley Davidson products. The new partnership with Rosenthal will replace the existing lending relationship.
“When a lending partnership isn’t working for your business, it’s time to make a change. We’re thrilled that Rosenthal was able to swiftly step in to provide an alternative financing solution that benefits the company in a variety of ways,” said Rosenthal Senior Vice President Mark Collins. “In addition to offering the company significant cost savings on the inventory component, we were able to provide lines on the company’s customers, a stark contrast to the more restrictive invoice-to-invoice approach that the client was bound to by its existing lender.”
Founded in 1938 by Imre J. Rosenthal, Rosenthal & Rosenthal is a factoring, asset-based lending and purchase order financing firm in the United States and is now led by the second and third generations of the Rosenthal family.
