Rosenthal & Rosenthal, Inc., the leading independent factoring, asset based lending and purchase order financing firm in the United States, today announced the completion of a recent $1 million inventory production finance deal for a well-known designer and importer of women’s footwear.

A New York- and London-based designer of women’s footwear was experiencing rapid growth due to an influx of orders from both its U.S. and European customer base. The company’s European-based factories were looking for either deposits or payment assurance before they could begin production.

Rosenthal’s purchase order finance facility allowed the client to obtain goods from multiple European suppliers by funding the required inventory via letters of credit, which were issued in EURO-denominated currency. The PO finance facility also funded all freight, duty and logistics costs. With Rosenthal as a preferred strategic partner, the company did not require overadvances, nor would it need to raise additional equity and dilute ownership of the business, as the company had done in the past.

“Rosenthal has a long history of supporting international designers that are capitalizing on growth opportunities both in the U.S. and in Europe,” said Rosenthal PO Finance Division Head Paul Schuldiner. “Rosenthal’s purchase order and production finance division provides funding and guidance to soundly structure cross-border inventory purchases to fulfill domestic and international sales. We are well positioned to assist footwear designers, brands or licensees that have a great product and opportunity, but require traditional purchase order financing as a tool to reach their potential.”