Rosenthal Closes $2 Million Recourse Factoring Deal for New York-Based Staffing Firm
(NEW YORK) JUNE 12, 2024– Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing and inventory financing firm in the United States, today announced the completion of a $2 million recourse factoring deal for a disabled veteran-owned business focused on providing staffing to local and state agencies.
The New York-based firm was unable to increase its existing line of credit to accommodate a large new contract that required funding within a matter of weeks. After being referred by the company’s financial advisor, Rosenthal stepped in to offer a $2 million recourse factoring facility that would support the new contract and provide additional liquidity to increase business across their customer base. Rosenthal was also able to successfully source a new banking relationship for the firm that would accommodate a controlled account agreement for payments.
“Rosenthal’s ability to deliver quickly and provide a soundly structured facility that could grow with the company was critical,” said Leigh Lones, Head of Recourse Factoring at Rosenthal. “Small companies can really benefit from an experienced funding partner like Rosenthal who can help clients navigate complex circumstances and secure the financial services that best meet the needs of their business.”
For more information about Rosenthal and these transactions, please visit www.rosenthalinc.com and contact Leigh Lones at LLones@rosenthalinc.com or 470-773-6511.
About Rosenthal & Rosenthal
With over 85+ years of leadership and industry experience, Rosenthal is now led by the third generation of the Rosenthal family. As a privately held company, Rosenthal is committed to providing personalized service, credit protection and flexible lending to small to middle-market clients across a broad range of industries, with loans ranging from $500,000 to $30MM+. With unmatched financial capacity and decades of experience, Rosenthal is best in class for all its clients’ creative financing needs, including factoring (recourse, non-recourse and international), asset-based lending, purchase order financing and inventory financing. Rosenthal’s team of seasoned commercial finance professionals covers the U.S. from coast to coast and nearly everywhere in between, with dedicated offices in New York, California, Georgia, North Carolina, Colorado, and Illinois. Visit the Difference at https://www.rosenthalinc.com.