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Rosenthal & Rosenthal Provides $4.5MM Factoring Facility to Homegoods Firm

October 16, 2018, 07:00 AM
Filed Under: Home Services
Related: Factoring, Housewares

Rosenthal & Rosenthal, Inc., announced the completion of a recent $4.5 million factoring facility deal to increase working capital availability for a Tennessee-based provider of decorative coverings and housewares products, specializing in padding and liners for rugs, grocery store shelving and automobiles.   
The company required additional working capital and advances on both account receivables and inventory to fulfill distribution orders to retailers and customers around the country. Rosenthal provided a multi-million dollar non-recourse factoring facility with advances on both account receivables and inventory, offering better pricing and higher advance rates than the client’s previous factor was able to provide. 
“This client is a great complement to Rosenthal’s rapidly expanding portfolio across the Southeast,” said Mark Collins, Senior Vice President in Rosenthal’s Atlanta office. “The transaction is a perfect example of how Rosenthal works with clients to solve complex cash flow issues by creating opportunities to tap into additional working capital when a company needs it most.”
“This deal is the perfect strategic fit for Rosenthal, given the firm’s legacy of success helping businesses navigate financing challenges and deep bench of expertise in the Southeast,” said Phillipe Allard, Executive Vice President in Rosenthal’s Atlanta office.

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