Rosenthal & Rosenthal Closes 23 Transactions Totaling Nearly $600MM in H2/23

Rosenthal & Rosenthal completed 23 individual transactions in the second half of 2023, totaling roughly $600 million in volume and $90 million in loans. The various financing facilities will help clients across multiple sectors address working capital needs, mitigate risk and support growth opportunities.

The 23 deals spanned industries including food and beverage, beauty and wellness, apparel, accessories, footwear, pharmaceuticals, metal stamping and fabrication, surf, skate, paper and furniture. Rosenthal’s clients involved in these transactions hail from multiple states, including New York, Massachusetts, Florida, Texas, California, Ohio, Colorado, Vermont and Illinois, as well as Canada. The 23 transactions included:

• Four recourse factoring deals

• Four collection factoring deals

• Four non-recourse factoring deals

• Five asset-based lending deals

• Three purchase order financing deals

• Three deals for Pipeline, Rosenthal’s division serving e-commerce and direct-to-consumer businesses.

“Given the ongoing market volatility and macroeconomic impacts this year, we are pleased that Rosenthal was able to end the year on such a strong note, providing much-needed financial support and a path forward for so many businesses,” Paul Schuldiner, chief lending officer of Rosenthal, said. “The breadth and depth of these transactions perfectly showcase Rosenthal’s expertise helping clients navigate challenging environments like the one we’re currently experiencing. As a non-bank lender, we’re not covenant-driven or subject to restrictive banking regulations, so we have the flexibility to structure and provide multiple types of funding solutions. Looking ahead to 2024, which we expect to be another challenging year, we will continue focusing on providing clients with creative and soundly structured financing solutions that give them the flexibility and working capital they need to keep their businesses thriving and moving forward.”