NEW YORK – Rosenthal & Rosenthal, Inc., a leading private commercial finance firm in the United States, announced the completion of three non-recourse factoring deals in the apparel, outerwear and accessories sectors totaling $280 million in annual sales volume.
A New York-based outerwear company doing over $250 million in annual sales was looking to manage potential credit risks. Rosenthal stepped in to provide a non-notification collection factoring agreement and is working alongside the company’s existing bank lender to offer customer credit risk mitigation.
A New Jersey-based accessories business doing $20 million in annual sales primarily to off-price retailers was seeking a factoring facility to support its growing business. Rosenthal will provide an advance factoring facility lending on receivables and inventory.
After experiencing rapid growth over the past 12 months, a New Jersey-based women’s apparel company doing $10 million in annual sales was in need of a new factor to support its fast-growing business. When the client’s existing factor was no longer able to scale with the business to support their working capital needs due to a customer concentration, Rosenthal quickly stepped in to provide an advance factoring facility lending on receivables.
“Rosenthal’s non-recourse factoring products are an excellent solution for businesses that are experiencing rapid growth, and either can’t or don’t want to rely on traditional bank lending,” said Andrew Barone, SVP and Business Development Officer at Rosenthal. “Whether clients want to transition away from a traditional bank or pair our solutions with an existing lender’s solution, we have the ability to think creatively and soundly structure deals to address the specific challenges our clients face effectively meet their needs.”
