Rosenthal Provides $1.5 Million PO Finance Facility for Wisconsin-based Apparel Company

Rosenthal & Rosenthal, Inc., today announced the completion of a recent purchase order finance facility to support the production financing requirements of a Wisconsin based apparel company that imports licensed casual wear.

The client experienced a substantial increase in orders of its product when it was licensed for sale by a large national retail chain. The influx of larger-than-projected orders led the company to seek out a solution that would ensure they could make the critical payments necessary to overseas suppliers on time. Rosenthal’s $1.5 million purchase order finance facility allowed the client to address its immediate seasonal financing requirements.

The supply chain financing requirements of the transaction involved the purchase of product from multiple international suppliers via documents against payment for in-transit goods. Rosenthal’s advance rate was 100% on the cost of the pre-sold inventory, inclusive of freight and duty.

“Since the onset of COVID-19, apparel companies have been grappling with uncertainty and changes to the global supply chain,” said Rosenthal Division Head Paul Schuldiner. “In order to adapt, companies have been trying to expand their product sourcing relationships, which ultimately requires the use of a funding source that has a strong familiarity and responsiveness to the needs of all parties in the supply chain. As we demonstrated in this transaction, Rosenthal is committed to providing creative and soundly structured finance solutions that meet the specific requirements of today’s rapidly changing world.”       

For more information about Rosenthal and this transaction, please visit www.rosenthalinc.com and contact Paul Schuldiner at 212-356-1703 or PSchuldiner@rosenthalinc.com.

ABOUT ROSENTHAL & ROSENTHAL

Rosenthal & Rosenthal (www.rosenthalinc.com) is the leading independent 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. As a privately held company, Rosenthal is committed to providing personalized service and flexible lending to clients across a broad range of industries. Rosenthal has offices in New York, California, Georgia and North Carolina.