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Rosenthal’s West Coast Office Closes Two Factoring Transactions

September 27, 2023, 07:47 AM
Filed Under: Factoring News

Rosenthal & Rosenthal completed two factoring transactions by its West Coast office.
An Arizona-based home goods and bedding company operating through wholesale channels, both domestically and internationally, was facing several challenges in the post-pandemic environment. The owners approached Rosenthal when their previous lender had become more inflexible during this challenging period. Rosenthal’s deep retail knowledge and robust expertise in the furniture, furnishings and bedding sectors gave the company the reassurance they needed from a lender who understood their business and embraced the management team’s growth strategy during a time of transition. Rosenthal was able to provide a $10 million factoring facility, providing advances against AR and inventory. Rosenthal’s working capital facility unlocked additional liquidity that offered more flexibility to support the company’s immediate objectives as well its long-term goals.
An established footwear e-tailer based in Nevada recently launched its first wholesale division and was seeking a factoring partner to provide credit protection and guidance, along with AR collection and management. By outsourcing AR and collection functions to Rosenthal, the brand was able to focus on expanding their new business line and other growth opportunities. With its deep experience in the footwear industry and knowledge of the wholesale world, Rosenthal was an ideal factoring partner for the company.
“While these transactions involved different circumstances, the clients in both cases were attracted to Rosenthal because of our extensive experience working within their industries,” said Ying Yang, Director of Business Development at Rosenthal. “Our team prides itself on approaching every deal individually. We always want to be sure we understand a client’s unique challenges and circumstances so that we can bring the best possible solutions to the table that address their specific needs.”

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