Rosenthal’s Recourse Factoring Boosts PPE & Medical Products Business Amid COVID-19 Pandemic

Rosenthal’s Recourse Factoring Boosts PPE & Medical Products Business Amid COVID-19 Pandemic

 

The Challenge

 

When the COVID-19 pandemic began and PPE was in short supply, a reputable medical products business saw an enormous growth opportunity. With their product already in high demand, the company ramped up production to fulfill a major uptick in orders from large, well-established retailers, hospital systems and government agencies across the country. All of this rapid activity led to significant cash flow challenges.

 

The Fix

 

An existing client of Rosenthal’s, the company was able to secure a recourse factoring arrangement that alleviated their cash flow issues, which included challenges around vendors requiring deposits and payment in full upon shipment of product. The company was able to fund the initial orders and Rosenthal was able to factor those invoices to generate additional cash for future orders. The client’s small team also benefited from outsourcing its collection and payment process services to Rosenthal.

 
The Fix, Medical ProductsJD Boujnah