Rosenthal & Rosenthal has completed 11 transactions totaling $35 million during the summer months of 2022. The various financing facilities will help to address working capital needs, mitigate risk and support growth opportunities for clients across multiple sectors.
Peter Clement joined Rosenthal & Rosenthal as senior vice president and and international factoring business development officer. Clement has more than 15 years of experience across the trade finance, commercial insurance and CPG sectors.
Prestige Capital led a syndicate of finance companies in increasing a West Coast staffing company’s credit line from $24 million to $100 million. The syndicate included Rosenthal & Rosenthal, Lenders Funding, Sterling Commercial Credit and Great Elm Capital.
Rosenthal & Rosenthal named Ying Yang senior vice president and director of business development on its purchase order financing team, adding to her current factoring and asset-based lending responsibilities.
Rosenthal & Rosenthal completed an $11.5 million purchase order finance facility to support the production financing requirements of a Florida-based apparel company.
Rosenthal & Rosenthal upsized its recent inventory purchase commitment to support the production financing requirements of a California-based importer and distributor of solar panels, increasing the initial $30 million commitment to $60 million.
Rosenthal & Rosenthal completed a combined $2.5 million asset-based lending facility, a $750,000 purchase order financing and a trade finance program to support a Los Angeles-based healthy foods and supplement company.
Rosenthal & Rosenthal completed a $500,000 purchase order finance facility to support the production financing requirements of a Florida-based importer of laboratory supplies.
Rosenthal & Rosenthal promoted Paul Schuldiner to chief lending officer, Gary Norman to head of factoring, Joe Pepe to Northeast regional sales manager for factoring and Rob Martucci to national sales manager for asset-based lending.
Rosenthal & Rosenthal completed a $500,000 purchase order finance facility to support the production financing requirements of a Massachusetts-based importer and distributor of environmentally sustainable housewares.