(NEW YORK) – October 13, 2021– Rosenthal & Rosenthal, Inc., one of the leading factoring, asset based lending and purchase order financing firms in the U.S., today announced the completion of a recent $5 million joint factoring, inventory funding and purchase order financing facility to support the growth capital needs of a Georgia-based manufacturer and distributor of office furniture and products.
Founded in 1991, the family-owned business began receiving sales orders in early 2021 from large, established customers, including technology companies, universities, transportation hubs and municipalities. Each in excess of $1 million, the orders were for a series of new products the company had begun manufacturing in response to the COVID-19 pandemic, including temperature screening stands and devices, desk shields, partitions and air purifiers.