Latest Posts

Rosenthal Closes $25 Million Factoring Facility to Support Popular Baby Products Company

March 7, 2023

(NEW YORK) MARCH 6, 2023– Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of a recent $25 million factoring deal for an established and growing company in the juvenile products space.

The Pennsylvania-based company manufactures a range of popular baby gear and other accessories and was looking for an alternative to their existing bank financing relationship. A former Rosenthal client for several years, the brand transitioned from Rosenthal to a bank lender in 2020 and was recently facing increased restrictions on the collateral they were eligible to borrow against. As a result, the company terminated their bank lending relationship and opted to return to Rosenthal where they could take advantage of more flexibility and personalized service.

Rosenthal provided a $25 million factoring facility, lending against both domestic and international receivables as well as inventory, including finished goods and in-transit.

“We always love when clients boomerang back to Rosenthal when they recognize that being privately owned allows us to offer considerably more flexibility and much less red tape than more traditional bank lenders are able to,” said Andrew Barone, SVP of Business Development and Director of Rosenthal’s Pipeline division. “We know this client’s business well and have maintained a great relationship with their private equity sponsor, so we were able to seamlessly jump back into the mix to support their continued growth and sales opportunities.”

For more information about Rosenthal and these transactions, please visit www.rosenthalinc.com and contact Andrew Barone at [email protected] or 212-356-1721.

See Full Article>

Categorized in:

This post was written by Elevate, Inc.

Comments are closed here.

Get Connected

Join our networks and stay in touch.

Read Our Testimonials

Hear what our customers have to say

“Aakash Patel, Chris Melvin and the rest of the Elevate team simply delivered. The connections Aakash made led to valuable relationships for me and new clients for RevStar. You can’t fully appreciate what Elevate can do for your business until you experience it first hand. I personally recommend their services to anybody looking to grow their network and business within the Tampa Bay community.”

Ken Pomella, PMP – CEO, RevStar Consulting

“If you’re looking to dive into the who’s who of Tampa Bay, Elevate, Inc. is the only way to go. Elevate worked closely with Tampa Bay Plumbers to help us get our foot in the door with the right business and community circles to help us grow. We appreciated Aakash Patel & Chris Melvin’s professionalism, attention to detail, and willingness to go over and above to provide us a quality service. The contacts through Elevate are numerous and professionally beneficial and the staff is always available to us. We enjoyed working with the Elevate team and will definitely keep them in mind for our future business needs.”

April Diemer – Tampa Bay Plumbers

“Working with Aakash and his team at Elevate was a great fit for our growing organization. His team helped us connect with key influencers across the region and identify opportunities. Together you work to define your goals and who you’re targeting and through their connections and network they can make warm introductions to the decisions makers you need to connect with.”

Chon Nguyen – Founder & CEO, Newgentek

“Elevate, Inc’s. business relationship building process and their specialized one-on-one client service has opened doors and created potential opportunities that we wouldn’t have been able to create on our own. If your business would benefit from business relationship building introductions, I highly recommend Elevate, Inc.”

Gary LoDuca – Founder & Owner, Thoughtful Advisors – 401(k) Plan Designs