Rosenthal Provides $3M PO Finance Facility for Women's Footwear Importer

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 $3 million inventory production finance deal for an iconic importer of women’s footwear.

A Florida-based company with operations in California and New York, was purchased by an investor who sought to revitalize the brand and expand its e-commerce platform and brick-and-mortar retail sales program. While looking to raise additional permanent capital, the company required seasonal financing to support a large order book related to the launch of a popular new line. The company’s overseas sourcing was already diversified, but several suppliers were unable to extend additional open credit terms. Additionally, tariffs on China-sourced goods were putting further strain on the company’s finances. 

Rosenthal’s $3 million purchase order finance facility allowed the client to obtain goods from multiple overseas suppliers both by issuing letters of credit and cash funding of documents against payment as well as all freight, duty (including tariffs) and logistics costs. With this more soundly structured solution, the company’s overseas suppliers would now have the credit enhancement and payment assurance they required to ship the goods. The client’s overall seasonal liquidity also stabilized, allowing the company to refocus its attention on securing additional permanent capital.

“Rosenthal’s PO Finance Division has a proven track record supporting companiesthrough new product launches, while helping them balance seasonal cash flow concerns,” said Rosenthal Division Head Paul Schuldiner. “Rosenthal’s purchase order and production financing is a critical bridge financing tool that allows investors to patiently consider all options for an appropriate long-term capital structure. Our financing solutions are a viable alternative for consumer product companies navigating the current environment, as well as their lenders and suppliers.”

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 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.

Casey Klurfeld

C: 646-248-4409
O: 212-673-4760
casey@cmkstrategies.com