Rosenthal Capital Group (RCG), a private commercial finance firm in the United States, completed a $1 million purchase order financing facility for a golf apparel and accessories company.
When the New York-based company began receiving larger orders from big box retailers, the management team knew they needed additional liquidity to support overseas purchases. RCG was able to step in to provide a $1 million purchase order financing facility that would be an addition to its existing asset-based loan facility already in place, so that the revolver loan and purchase order financing would work in tandem. The purchase order financing facility will fund the main U.S.-based supplier utilizing purchase guarantees as well as international suppliers through DP international wire payments.
“With so much uncertainty around the trade tariffs, the company needed a fast and flexible funding solution to ensure they could fulfill their growing sales orders without delays or losing out on any critical opportunities,” Megan Slovak, senior vice president and underwriting manager for purchase order financing at RCG, said.
“Although the client’s primary supplier is domestic, many of the brand’s products are imported from suppliers in China so the company needed a solution that would cover those suppliers as well,” Jennifer Drafkorn, senior vice president and portfolio manager for purchase order financing at RCG, said. “Our purchase order financing not only funds those overseas suppliers directly, but also pairs seamlessly with their existing ABL facility.”
