Rosenthal Capital Group (RCG), a private commercial finance firm in the United States, completed a $30 million factoring deal for an apparel and accessories business.
A woman-owned apparel and accessories company doing in excess of $100 million in sales was seeking an alternative financing solution to assist with a large concentration with a major retailer. The company’s prior factor had capped its inventory borrowing limits, which made dealing with payables very challenging, adding stress to its supply chain. RCG was able to step in to provide a $30 million factoring facility, a significantly larger facility than its previous one, lending on both receivables and inventory to support the company’s rapid growth.
“One of RCG’s biggest differentiators is that, after nearly nine decades, we are still private and family owned which means we are often more flexible than traditional lenders,” Andrew Barone, senior vice president and head of RCG’s CPG+ division, said. “We make decisions quickly and offer customized solutions that are incredibly helpful for clients that need to take advantage of make-or-break growth opportunities.”
