ROSENTHAL TRADE CAPITAL FUNDS $1.5 MILLION INVENTORY PURCHASE COMMITMENT TO NEW YORK-BASED GLOBAL DISTRIBUTOR, SUPPLIER
(NEW YORK) – September 14, 2016 – Rosenthal Trade Capital (RTC), a new division of Rosenthal & Rosenthal, Inc., today announced its latest purchase order finance deal with a global distributor and supplier of electronic, computer and aviation parts, components and hardware.
As part of the transaction, RTC will provide a $1.5 million purchase order finance facility to assist with the immediate purchase of goods against several large existing sales orders. By leveraging this new financing resource, the client can now pursue a larger incremental sales volume with prospective customers that they previously may have passed on due to lack of liquidity.
RTC will fund two different transaction types for this client: (1) off-the-shelf domestic component purchases with quick-turning transactions and (2) longer term (import production component) purchases. RTC’s extensive international trade expertise will provide letters of credit and cash against documents funding to purchase inventory that is presold to major Fortune 500 end-customers.
The client was referred to Rosenthal by the company’s existing asset based lender. The lender was looking to have a purchase order finance facility in place so the client would be better positioned in the marketplace to take advantage of the projected upswing in U.S. defense spending.
For more information about Rosenthal Trade Capital and this transaction, please visit www.rosenthalinc.com/rosenthaltradecapital and contact Paul Schuldiner at 212-356-1703 or PSchuldiner@rosenthalinc.com.
ABOUT ROSENTHAL & ROSENTHAL
Rosenthal & Rosenthal (www.rosenthalinc.com) is the leading factoring, asset based lending and purchase order financing firm in the United States. Founded in 1938 by Imre J. Rosenthal, the firm is now led by the second and third generations of the Rosenthal family. As a privately held company, Rosenthal is committed to providing personalized service and flexible lending to clients across a broad range of industries.