Rosenthal & Rosenthal announced the completion of several factoring transactions that will help to address working capital needs, mitigate risk and support growth opportunities for clients across multiple sectors.
 
The factoring transactions include:

• $13 million advance factoring and inventory acquisition financing facility to support $40 million in sales for a branded consumer products company
• $3 million advance factoring facility to support $15 million in sales for the evolving needs of a well-known luggage and travel accessories brand under new ownership
• $2 million advance factoring facility for a home furnishings company with $8 million in annual sales
• Collection factoring arrangement providing receivable management and payment guarantees for a textiles company selling $15 million annually to apparel manufacturers
• Collection factoring arrangement providing receivable management and payment guarantees for an apparel company selling $10 million annually to off-price retailers
• $500,000 advance factoring facility to support $3 million in sales for a startup shoe accessories company looking to implement a working capital facility to support domestic and international sales
• $750,000 advance factoring facility for a footwear accessories company with $3 million in annual sales

“Rosenthal prides itself on always taking the time to learn about the companies we’re lending to and to understand their unique challenges and circumstances,” said Joseph Pepe, Rosenthal’s EVP and Northeast Regional Sales Manager. “These various transactions demonstrate Rosenthal’s flexibility, creativity and our ability to provide working capital solutions that are tailored to a company’s specific financing needs.”