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Rosenthal Provides $4M Factoring Facility to New York Luxury Brand
July 29, 2019
Source: Rosenthal & Rosenthal
Rosenthal & Rosenthal, Inc., the leading independent factoring, asset-based lending and purchase order financing firm in the United States, today announced the completion of a recent $4 million factoring facility with an emerging luxury apparel company.
The New York-based brand was experiencing a major uptick in sales, as a result of orders from both new and existing retail customers. To support the brand’s growth and to mitigate any future cash flow strains, the company was seeking a permanent working capital solution.
Rosenthal’s $4 million factoring facility not only supports future sales growth, but also provides the company with a sound credit solution to review and analyze orders from customers who are eager to incorporate the brand into their brick-and-mortar and e-commerce platforms.
“We are thrilled to have the opportunity to help support a stand-out company led by one of the most sought-after creative directors in the luxury space, as well as work alongside the investment firms that have already made a substantial capital contribution into the brand,” said Rosenthal Vice President of Business Development Andrew Barone.
For more information about Rosenthal and this transaction, please visit www.rosenthalinc.com and contact Andrew Barone at 212-356-1721 or ABarone@rosenthalinc.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.
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