Rosenthal & Rosenthal’s West Coast Office Closes Pair of Factoring Transactions

Rosenthal & Rosenthal’s West Coast office recently completed two factoring transactions, including a $10 million factoring facility to an Arizona-based home goods and bedding company.

The home goods and bedding company operates through wholesale channels, both domestically and internationally, and was facing several challenges. The owners approached Rosenthal when their previous lender had become more inflexible. Rosenthal’s retail knowledge and expertise in the furniture, furnishings and bedding sectors gave the company the reassurance it needed from a lender that understood its business and embraced the management team’s growth strategy during a time of transition. Rosenthal was able to provide a $10 million factoring facility, providing advances against accounts receivable and inventory. Rosenthal’s working capital facility unlocked additional liquidity that offered more flexibility to support the company’s immediate objectives as well its long-term goals.

The second factoring facility was for an established footwear “e-tailer” based in Nevada that recently launched its first wholesale division and was seeking a factoring partner to provide credit protection and guidance, along with accounts receivable collection and management. By outsourcing A/R and collection functions to Rosenthal, the brand was able to focus on expanding its new business line and other growth opportunities.

“While these transactions involved different circumstances, the clients in both cases were attracted to Rosenthal because of our extensive experience working within their industries,” Ying Yang, director of business development at Rosenthal, said. “Our team prides itself on approaching every deal individually. We always want to be sure we understand a client’s unique challenges and circumstances so that we can bring the best possible solutions to the table that address their specific needs.”