Rosenthal Capital Group (RCG), a private commercial finance firm in the United States, completed a $3.5 million asset-based loan facility for a family-owned fine jewelry retailer in the Midwest.
In business for 90 years, the Chicago-based company was seeking a new lending relationship when its existing non-bank lender made the decision to exit the jewelry industry altogether. A local investment banker in Chicago working with the company introduced RCG to the company’s management team. RCG was able to move quickly to refinance the ABL facility and provide $3.5 million inworking capital that the client needed to purchase additional inventory to pursue its growth plans.
“As one of the most highly regarded jewelry retailers in Chicago with an incredibly experienced and diligent management team, we knew we were the perfect partner,” Andrew O’Day, vice president and business development officer in RCG’s Chicago office, said. “As a decades-old family-owned business ourselves, we understand how important it is to build trust and find the right solutions to fit a client’s particular needs and circumstances.”
