Rosenthal & Rosenthal completed four factoring and asset based lending transactions totaling nearly $30 million.
 
A California-based apparel company well established in the industry was unable to secure credit protection on one of their key customers. Knowing that Rosenthal has deep relationships and expertise in the retail and apparel sector, one of the company’s trusted advisors made an introduction. Rosenthal provided a $25 million loan on more than $100 million in factoring volume and was able to offer credit protection not only on the key customer, but also higher credit limits on several other customers.
 
Another California-based apparel company was seeking additional financing to support its continued growth plans. An attorney familiar with Rosenthal’s work made an introduction and Rosenthal was able to provide $5 million in factored volume with a loan size of $1 million.
 
A surf and skate accessories company based in California was familiar with Rosenthal and was interested in leveraging the firm’s expertise and credit and collections experience in the surf and skate industry. Rosenthal stepped in and was able to provide a loan facility of $1 million on $7 million in factored sales.
 
A Texas-based hair care company was seeking an alternative financing solution after missing out on sales opportunities when they did not have the liquidity they needed to purchase new product. Rosenthal was able to offer more availability than their existing lender and provided a $2.5 million asset based lending line that allowed the company to bring in more product to increase sales.
 
“We were pleased to finish out 2023 strong, providing these four different companies with much-needed liquidity and the working capital they need to grow and pursue important sales opportunities,” said Maria Contino, Western Region Sales Manager at Rosenthal. “In this period of continued economic uncertainty, clients really appreciate Rosenthal’s speed, flexibility and deep knowledge and expertise across different industries.”