Rosenthal Closes Multiple Factoring and ABL Deals with Popular Food & Beverage Brands

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 several factoring and asset-based lending deals for food & beverage companies.

A well-known bakery business based in New York was looking for an alternative lender after a frustrating experience with tier 1 banks. With annual sales of $55 million, the company was well established, with existing relationships with big box retailers like Walmart and Costco as well as Target, Kroger, Wegmans and Shoprite. In addition to their robust wholesale business, the company also sold their products to their 100 franchise stores. At the direction of their advisors, the company connected with Rosenthal, who provided a $9 million total credit facility, consisting of a revolving line of credit and a term loan. 

“We were able to take the time to really understand the company’s position and their needs,” said Robert Schnitzer, SVP of Business Development for Rosenthal’s Asset Based Lending division. “Ultimately, our flexibility and persistence made Rosenthal a great fit and partner.”

A popular and fast-growing ready-to-drink beverage company based in Massachusetts was seeking an incremental working capital facility to support its plans to increase distribution nationwide. The client was growing rapidly, with sales doubling year over year since the company launched in 2019. In a sponsor-backed deal with a consumer-focused private equity fund, Rosenthal’s Pipeline division was able to provide a $3.5 million facility against receivables and inventory to support the company’s aggressive growth plans.