Rosenthal Provides $1 Million Purchase Order Finance Facility for International Women’s Footwear Designer

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 $1 million inventory production finance deal for a well-known designer and importer of women’s footwear.

A New York- and London-based designer of women’s footwear was experiencing rapid growth due to an influx of orders from both its U.S. and European customer base. The company’s European-based factories were looking for either deposits or payment assurance before they could begin production.

Rosenthal’s purchase order finance facility allowed the client to obtain goods from multiple European suppliers by funding the required inventory via letters of credit, which were issued in EURO-denominated currency. The PO finance facility also funded all freight, duty and logistics costs. With Rosenthal as a preferred strategic partner, the company did not require overadvances, nor would it need to raise additional equity and dilute ownership of the business, as the company had done in the past.

“Rosenthal has a long history of supporting international designers that are capitalizing on growth opportunities both in the U.S. and in Europe,” said Rosenthal PO Finance Division Head Paul Schuldiner. “Rosenthal’s purchase order and production finance division provides funding and guidance to soundly structure cross-border inventory purchases to fulfill domestic and international sales. We are well positioned to assist footwear designers, brands or licensees that have a great product and opportunity, but require traditional purchase order financing as a tool to reach their potential.”

For more information about Rosenthal and this transaction, please visit www.rosenthalinc.com/rosenthaltradecapital 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.