Rosenthal & Rosenthal completed two recent asset based lending facilities totaling $15 million.

• A North Carolina-based nationwide distributor of health and nutritional products was seeking an alternative financing solution after the company’s prior financial institution was unable to support its evolving business plan. Recognizing the brand’s growing needs, and already familiar with Rosenthal, the company’s private equity owners approached Rosenthal for help. Rosenthal quickly stepped in to provide a more flexible $8 million asset based lending facility to support $75 million in volume.

• A New York-based publicly traded industrials company was facing increased restrictions and red tape from its existing bank lender and was looking for more flexible options to support its growth plans. The company, a designer and assembler of sophisticated control equipment for the space, military, aircraft and medical industries, was already well established, with $35 million in sales volume. With a quick turnaround and short transaction timeline, Rosenthal was able to provide a $7 million asset based lending facility to support the company’s rapidly changing needs.

“These two deals perfectly capture the value of Rosenthal’s outside-the-box financing solutions and our ability to work quickly to get our clients the funding they need to support their businesses and growth plan,” said Anthony Vassallo, Rosenthal’s Senior Business Development Officer for Asset Based Lending. “With every transaction, we strive to bring speed, creativity and flexibility to all of our partnerships with clients, delivering maximum value with minimal red tape.”