Rosenthal & Rosenthal completed a $3.6 million purchase order financing facility to support a producer of organic dried fruit and keto snacks.
The New Jersey-based company had been growing steadily since its founding in 2013 but experienced explosive growth when it received a large purchase order from a large big box retailer for one of the brand’s most popular keto products. The company did not have sufficient availability under its existing line and looked to purchase order financing as a possible solution.
The facility from Rosenthal will issue letters of credit to the company’s factory to support the purchase of product and allow the company to successfully execute the big box retailer program.
“This transaction perfectly captures Rosenthal’s ability to offer clients financing solutions that not only increase their availability, but also allow them to take advantage of sales opportunities that they otherwise would not be able to pursue,” Megan Flaherty, senior vice president and underwriting manager at Rosenthal & Rosenthal, said. “With Rosenthal’s support, this client will now be able to expand to new markets, get more product into the hands of customers and grow their business.”
