Rosenthal Capital Group Closes $4MM in Recent Recourse Factoring Transactions

Rosenthal Capital Group (RCG) closed two recourse factoring transactions totaling $4 million.

The first facility supported a California-based design studio and furniture manufacturer that creates handcrafted, made-to-order products. The company was seeking funding against its largest account, as well as additional working capital to accommodate new customer growth. Familiar with RCG’s track record in the furniture sector, the company moved forward after a formal introduction, and RCG provided a $2 million recourse factoring line to help accelerate its expansion.

The second transaction involved a staffing company that supplies vehicle detailing and logistics services to automobile manufacturers and dealerships. As a newly formed U.S. subsidiary of a European parent, the business had no historical financials and needed immediate capital to cover bi-weekly payroll. Referred by a trusted partner, RCG implemented a $2 million recourse factoring facility to support the start-up, which was initially operating with a single customer.