Rosenthal’s Factoring Facility Helps Toy and Collectible Distributor Take Advantage of Major Growth Opportunity
Rosenthal’s Factoring Facility Helps Toy and Collectible Distributor Take Advantage of Major Growth Opportunity
The Challenge
A new Southeast-based company was established to consolidate the number of vendors a major big box retailer was using to purchase products in their toys and collectibles category. As a new entity, the company lacked the financial history necessary to obtain open credit in the marketplace and its new distribution deals were in jeopardy.
The Fix
In their search for a viable solution, the company was introduced to Rosenthal. Because the company purchases product from two current Rosenthal clients, Rosenthal’s team was able to quickly work out an arrangement so that the company could receive open credit. Rosenthal’s $50 million factoring facility allowed the company to take advantage of the sizable growth opportunity with the big box retailer, despite not having robust financials or a detailed credit history.