Rosenthal’s Factoring Supports Chemical Company’s Future Sales Growth
Rosenthal’s Factoring Supports Chemical Company’s Future Sales Growth
The Challenge
A Georgia-based chemical manufacturer needed additional working capital to pay out its minority investors as part of a complicated restructuring deal. When the company’s existing lender, an institutional bank was unable to offer more flexibility and capacity on their existing line, the company sought out a new financing solution.
The Fix
Rosenthal stepped in, providing a $3 million factoring facility against the company’s accounts receivable and inventory. In addition to the working capital solution, Rosenthal provided back office support for the company’s cash management and customer credit protection operations, an added benefit to the owners and management team. The factoring facility made it possible for the client to pay out the minority investors and provided the reassurance and flexibility the company needed to run the business and fuel long-term sales growth.