TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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January 25, 2022
Source: Rosenthal & Rosenthal, Inc.
(NEW YORK) – January 26, 2022– Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending and purchase order financing firm in the U.S., today announced the completion of a $2.5 million asset based lending deal to support the growth capital needs of a company specializing in video remote interpretation technology.
A relatively young brand, the company was experiencing tremendous demand for their interpreter services and technology in 2021, especially within the health care sector. With an expectation of continued accelerated growth in their industry, the company determined there was a need to invest in their proprietary platform and grow the number of professional interpreters in their network to meet that demand.
With no existing outside financing to date, the company was introduced to Rosenthal by another lender to explore options beyond traditional bank debt that would allow for more flexibility with less restrictive covenants. Rosenthal embraced the company’s business model immediately and quickly structured a $2.5 million asset-based lending facility that provided more flexibility and availability than traditional institutional financing. The new liquidity from Rosenthal will provide much-needed capital to fund the company’s ongoing investments in their technology, workforce and overall business.
“We are so pleased to partner with this growing company and the entrepreneurial team behind it,” said Ying Yang, Vice President of Business Development at Rosenthal. “Our asset based lending facilities are an excellent solution for companies like this who are just dipping their toe into outside financing and don’t want to be bogged down by red tape and other restrictions that often come with more traditional institutional financing.”
For more information about Rosenthal and this transaction, please visit www.rosenthalinc.com and contact Ying Yang at 818-914-5913 or YYang@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.