Rosenthal & Rosenthal completed a $4.5 million factoring facility deal for a Tennessee-based provider of decorative coverings and housewares products which specializes in padding and liners for rugs, grocery store shelving and automobiles. The funds will be used to increase working capital availability.
The company required additional working capital and advances on both account receivables and inventory to fulfill distribution orders to retailers and customers around the country. Rosenthal provided a multi-million dollar non-recourse factoring facility with advances on both account receivables and inventory, offering better pricing and higher advance rates than the client’s previous factor was able to provide.
“This client is a great complement to Rosenthal’s rapidly expanding portfolio across the Southeast,” said Mark Collins, senior vice president in Rosenthal’s Atlanta office. “The transaction is a perfect example of how Rosenthal works with clients to solve complex cash flow issues by creating opportunities to tap into additional working capital when a company needs it most.”
