Rosenthal & Rosenthal completed a $25 million factoring facility to support future growth opportunities for a supplier of apparel and home goods.
In business for more than 25 years, the company sells a range of apparel and home goods products to big box stores and off-price outlets, with revenues in excess of $100 million. The company sought a more flexible lending partner that would support its projected growth.
“We are thrilled to partner with such a prominent and revered company that is leading the way in the fashion and home goods sectors,” Joseph Pepe, senior vice president of business development at Rosenthal, said. “With the support and backing of our management team, we know the company will be able to effectively carry out its plans to continue to grow the business in 2021 and beyond.”
“Rosenthal was uniquely positioned for this deal because we were able to offer our client more flexibility as well as the confidence and stability needed to pursue important new avenues for growth,” Andrew Barone, vice president of business development at Rosenthal, said.
