Rosenthal Provides $1.75MM PO Financing Facility to High-Security Printing & Technology Co.

Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of a recent $1.75 million purchase order financing facility to support a high-security printing and technology company working with the U.S. government.     

The New York-based company had been selected for a government agency project which involved securing high-security materials from a European supplier. The supplier required a Letter of Credit (LC) to ship the materials and would not release the materials without the LC in hand.

Phoenix Management Services, LLC a turnaround, and interim executive firm, had been serving as the interim CEO of the company and recommended Rosenthal for this opportunity. Rosenthal was able to step in to provide the $1.75 million purchase order financing facility and issue the LC to the supplier to release the materials for the project. In addition, with an asset based loan already in place with an existing lender and a term loan facility with another lender, Rosenthal was able to obtain intercreditor agreements with both outside lenders to provide the support the client needed to deliver on the contract.