Rosenthal & Rosenthal, a factoring, asset-based lending, purchase order financing and inventory financing firm, recently completed three asset-based lending transactions totaling $19.5 million.
Rosenthal & Rosenthal completed an $11 million asset-based lending transaction for a seafood importer and distributor. In 2023, the seafood company found itself in a turnaround situation with a highly concentrated customer. The client’s Chicago-based turnaround consultant brought in Rosenthal as a potential financing partner.
Rosenthal & Rosenthal completed two transactions for companies in the Midwest, including a $1 million asset-based lending facility and a $3 million non-recourse factoring facility.
Andrew O’Day joined Rosenthal & Rosenthal as a vice president and business development officer for the Midwest. O’Day will focus on growing Rosenthal’s footprint in the Midwest across all of its product offerings.