Rosenthal Closes Six-Figure Receivables Finance Program for U.S. Thermal Product Exporter
December 12, 2022
Source: Rosenthal & Rosenthal, Inc.
(NEW YORK) DECEMBER 12, 2022 – Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of a six-figure trade receivables finance program for a manufacturing company that sells thermal products into the Asia-Pacific region.
The new financing program is being used to free up working capital to support sales expansion. The seller engaged with Rosenthal to receive payment at the time of invoicing and shipping of goods, while the importer benefited from open account payment terms that allowed for payment at a later date. As a result, Rosenthal’s program is providing liquidity to both parties in the trading relationship.
“Rosenthal's export factoring program is a liquidity and risk mitigation tool that allows sellers to get paid at shipment on international sales, with sellers receiving up to 90% of the invoice value, less a small discount at shipment of goods,” said Peter Clement, SVP of International Factoring at Rosenthal. “In this challenging environment, this type of financing program is particularly valuable because Rosenthal purchases invoices on a non-recourse basis, so sellers don't bear the risk of buyer non-payment.”
For more information about Rosenthal and this transaction, please visit www.rosenthalinc.com and contact Peter Clement at 914-393-3775 or pclement@rosenthalinc.com.
About Rosenthal & Rosenthal
Rosenthal & Rosenthal (www.rosenthalinc.com) is the leading factoring, asset based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States. Founded in 1938 by Imre J. Rosenthal, the firm is now led by the third generation 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.
