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Rosenthal’s Southeast Office Closes $35 Million in Factoring Deals
By Rosenthal & Rosenthal, Inc.
Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending and purchase order financing firm in the U.S., today announced the completion of two separate factoring deals.
A designer of high-end handbags and accessories lost coverage on some of their retail customer accounts due to COVID-related challenges. When their existing bank was unable to cover those customers and restricted their borrowing capacity, the client reached out to Rosenthal. With deep experience in non-recourse factoring, Rosenthal was able to step in to provide the coverage the client needed so their bank could reinstate advances against those customers.
When one of the world’s largest manufacturers of premium textiles and bedding was looking to establish a U.S. entity to sell to retailers, the company sought out a factor to provide the necessary credit coverage it needed to move forward. Unfamiliar with factoring and given the current state of the retail environment, the company turned to Rosenthal because of the firm’s deep experience in the textile and retail space. As one of the largest non-recourse factors, Rosenthal was able to provide full credit support to the client, from approval to payment application, saving the company the cost of establishing a new internal credit department.
“Both of these new deals demonstrate how well positioned Rosenthal is to serve clients with unique circumstances that are looking to take advantage of growth opportunities in this challenging environment,” said Leigh Lones, SVP and Southeast Regional Sales Manager for Rosenthal. “So many companies right now are benefiting from non-recourse factoring because it gives them and their lenders peace of mind. Rosenthal provides that necessary protection mechanism while also reducing overhead, managing receivables and helping to improve borrowing capabilities with existing bank lenders.”
For more information about Rosenthal and these transactions, please visit www.rosenthalinc.com and contact Leigh Lones at 470-773-6511 or email@example.com.
ABOUT ROSENTHAL & ROSENTHAL
Rosenthal & Rosenthal (www.rosenthalinc.com) is the leading 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.