Rosenthal & Rosenthal completed a six-figure trade receivables finance program for a manufacturing company that sells thermal products into the Asia-Pacific region.
The new financing program is being used to free up working capital to support sales expansion. The seller engaged with Rosenthal to receive payment at the time of invoicing and shipping of goods, while the importer benefited from open account payment terms that allowed for payment at a later date. As a result, Rosenthal’s program is providing liquidity to both parties in the trading relationship.
“Rosenthal’s export factoring program is a liquidity and risk mitigation tool that allows sellers to get paid at shipment on international sales, with sellers receiving up to 90% of the invoice value, less a small discount at shipment of goods,” Peter Clement, senior vice president of international factoring at Rosenthal & Rosenthal, said. “In this challenging environment, this type of financing program is particularly valuable because Rosenthal purchases invoices on a non-recourse basis, so sellers don’t bear the risk of buyer non-payment.”
