Rosenthal Capital Group (RCG), a private commercial finance firm in the United States, completed a $6 million asset-based loan facility for a family-owned and operated frozen specialty seafood company based in Florida.
A regional asset-based lender introduced the senior management of the company to RCG executives. The company’s existing lender had changed its lending parameters and the client needed to pursue an alternative lending source. RCG’s loan provided adequate working capital and a well-collateralized deal structure for RCG, guaranteed by three primary stockholders. Moreover, as a result of RCG providing a new working capital line of credit, the company’s existing lender agreed to stay in on the real estate term loan.
“In all of our transactions, we make a point of looking beyond just the numbers on a balance sheet and a company’s past performance,” Gene Walsh, senior vice president and business development officer at RCG, said. “We truly try to understand the challenges that a business is facing in the marketplace, and as a family-owned and operated business ourselves, we understand what it takes to keep growing and scaling for future generations.”
