Rosenthal Trade Capital, a division of Rosenthal & Rosenthal, completed several Q1/17 purchase order finance facilities to support Chinese New Year supply chain financing requirements for clients in the consumer products segment.

The latest transactions include:

  • $2 million trade financing facility for a New York-based women’s apparel importer
  • $1 million trade financing facility for a Rhode Island-based accessories and costume jewelry importer
  • $500,000 trade financing facility for a New Jersey-based footwear importer

Each client received financing of the required inventory at a 100% advance rate on the cost of goods, using letters of credit or cash against documents payments to Asian-based suppliers, as well as cash funding for freight, duty and logistics costs.

“As a result of a specific initiative aimed at consumer products companies importing from Asia, we were able to identify companies who were in need of additional supply chain financing to ensure that critical payments were made to their suppliers before the usual slowdown associated with Chinese New Year,” said Paul Schuldiner, RTC Division head. “Rosenthal’s vast experience in providing innovative and timely financing solutions is one of the many reasons we are a preferred resource for importers and manufacturers that source product internationally and sell into omni-channels of retail distribution.”