Rosenthal & Rosenthal announced the completion of two recourse factoring transactions, totaling $5 million along with an additional $2 million purchase order financing facility.
 
A New Jersey-based logistics company wanted to take advantage of a new opportunity to expand into importing metals and other commodities. Having been previously self-funded, the business did not have a current lending relationship to support the new venture. One of Rosenthal’s key bank referral sources introduced the firm to the company. With purchase orders from long-time well-rated customers already in hand and shipments slated to begin in November and deliveries and invoicing in January, Rosenthal worked quickly to find the right solution so the company could successfully execute the orders. When suppliers required the company to have a working capital facility in place before they would accept the orders and start production, Rosenthal stepped in within days of meeting the company’s owners to provide a $2 million facility that enabled the company to secure the orders and meet the customer delivery dates.
 
A Canadian distributor of cellular equipment for use by first responders was looking for a total trade finance solution to support its growing business in the U.S. Working with the business’ public parent company, Rosenthal was able to offer a one-stop solution structured to grow with the business and complete a complex transaction in a timely and efficient manner. The $3 million recourse factoring facility combined with a $2 million purchase order financing facility allowed the company to pursue its international growth plans.
 
“Speed, efficiency and flexibility were the key differentiators in both of these transactions,” said Leigh Lones, Rosenthal’s Head of Recourse Factoring. “Our creativity and nimbleness offers clients the best and most comprehensive financing solutions to fit their specific needs, and our ability to move quickly to address those needs can make all the difference for a rapidly growing business.”