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Rosenthal Trade Capital Funds $1.5MM PO Facility for NY Distributor

September 15, 2016, 06:45 AM
Filed Under: Distribution

Rosenthal Trade Capital (RTC), a new division of Rosenthal & Rosenthal, Inc., today announced its latest purchase order finance deal with a global distributor and supplier of electronic, computer and aviation parts, components and hardware.

As part of the transaction, RTC will provide a $1.5 million purchase order finance facility to assist with the immediate purchase of goods against several large existing sales orders. By leveraging this new financing resource, the client can now pursue a larger incremental sales volume with prospective customers that they previously may have passed on due to lack of liquidity.

RTC will fund two different transaction types for this client: (1) off-the-shelf domestic component purchases with quick-turning transactions and (2) longer term (import production component) purchases. RTC’s extensive international trade expertise will provide letters of credit and cash against documents funding to purchase inventory that is presold to major Fortune 500 end-customers.

The client was referred to Rosenthal by the company’s existing asset-based lender. The lender was looking to have a purchase order finance facility in place so the client would be better positioned in the marketplace to take advantage of the projected upswing in U.S. defense spending.

Rosenthal & Rosenthal is a leading factoring, asset based lending and purchase order financing firm in the United States. Founded in 1938 by Imre J. Rosenthal, the firm is now led by the second and third generations of the Rosenthal family.

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