How Are Finance People Handling the Weak Retail Market and Have They Adjusted Their Financing Rules for Clothing Manufacturers?
By Deborah Belgum
(NEW YORK) – March 20, 2017 – Rosenthal & Rosenthal, Inc., a leading private commercial finance company specializing in factoring, asset based lending and purchase order financing, today announced the appointment of Ying Yang as Vice President. In her role, Ying will be responsible for business development across the firm’s divisions, with a particular focus on growing the West Coast client base. The appointment is effective March 13, 2017.
Ying is an experienced commercial finance executive, having spent over 13 years at CIT Commercial Services sourcing and closing factoring and asset based lending transactions.
“We’re thrilled to welcome Ying to the Rosenthal team and are fortunate to add yet another strong player to our already talented bench,” said Peter Rosenthal, President of Rosenthal. “With her solution-driven mindset, strong grasp of the credit environment and proven track record in the factoring and asset based lending space, I know Ying will be a perfect addition to our West Coast division.”
Fluent in Mandarin, Ying joins Rosenthal from CIT, where she served in a variety of roles, most recently as Vice President of Business Development for the Western Region. During her tenure at CIT, she held a number of other positions, including credit analyst, account executive and senior underwriter. She previously managed the underwriting team, which structured and closed factoring programs and facilities across the apparel, footwear, accessories, textile, furniture, home furnishing, consumer electronics and houseware industries.
“No one is more knowledgeable or trusted in this industry than Rosenthal,” said Ying. “I’m excited to be a part of expanding Rosenthal’s presence throughout the U.S. and around the world and look forward to our future success together.”
Upcoming Webinar: Simple Steps for Financing Your Future
Open To: GHTA Members Only
Date: Thursday, March 9 Time: 11AM - 12PM EST Presented By: Paul Schuldiner
Learn how to build a solid financial foundation for your growing gift and home business. Don’t let seasonality or large, unexpected orders knock you off course. From creating better cash flow to identifying the right financing solutions to thinking about how to balance growth with a need for capital, learn how to master the tips and tricks of the trade that drive growth and help you succeed.
Rosenthal hosted an Accessories Council Event in LA on 1/12/2017 “How To Finance Your Future”
ROSENTHAL TRADE CAPITAL FUNDS $1.5 MILLION INVENTORY PURCHASE COMMITMENT TO NEW YORK-BASED GLOBAL DISTRIBUTOR, SUPPLIER
(NEW YORK) – September 14, 2016 – Rosenthal Trade Capital (RTC), a new division of Rosenthal & Rosenthal, Inc., today announced its latest purchase order finance deal with a global distributor and supplier of electronic, computer and aviation parts, components and hardware.
As part of the transaction, RTC will provide a $1.5 million purchase order finance facility to assist with the immediate purchase of goods against several large existing sales orders. By leveraging this new financing resource, the client can now pursue a larger incremental sales volume with prospective customers that they previously may have passed on due to lack of liquidity.
RTC will fund two different transaction types for this client: (1) off-the-shelf domestic component purchases with quick-turning transactions and (2) longer term (import production component) purchases. RTC’s extensive international trade expertise will provide letters of credit and cash against documents funding to purchase inventory that is presold to major Fortune 500 end-customers.
The client was referred to Rosenthal by the company’s existing asset based lender. The lender was looking to have a purchase order finance facility in place so the client would be better positioned in the marketplace to take advantage of the projected upswing in U.S. defense spending.
For more information about Rosenthal Trade Capital and this transaction, please visit www.rosenthalinc.com/rosenthaltradecapital and contact Paul Schuldiner at 212-356-1703 or PSchuldiner@rosenthalinc.com.
ABOUT ROSENTHAL & ROSENTHAL
Rosenthal & Rosenthal (www.rosenthalinc.com) is the leading factoring, asset based lending and purchase order financing firm in the United States. Founded in 1938 by Imre J. Rosenthal, the firm is now led by the second and third generations of the Rosenthal family. As a privately held company, Rosenthal is committed to providing personalized service and flexible lending to clients across a broad range of industries.
CFA’s 40 Under 40 Awards Celebration, September 22nd at the Waldorf Astoria, will honor Eric Bader, CFA, with a Business Development Award among 39 other industry professionals. Congratulations Eric!
Rosenthal was honored with the Business Leadership Award at the Ace Awards August 2nd, 2016 at Cipriani 42nd Street. Michael Stanley accepted the Award on Rosenthal’s behalf which was presented by Rebecca Minkoff.
ROSENTHAL LAUNCHES NEW DIVISION TO OFFER ALTERNATIVE INVENTORY FINANCING SOLUTIONS TO GROWING BUSINESSES
Paul D. Schuldiner Tapped to Lead Rosenthal Trade Capital
Rosenthal & Rosenthal, Inc., a leading private commercial finance company specializing in factoring and asset based lending, today announced the launch of Rosenthal Trade Capital, a new division that provides alternative inventory financing solutions to cash-constrained companies. The new group will be led by finance veteran Paul D. Schuldiner and will add a suite of new offerings to complement the 78-year-old firm’s already robust factoring and asset based lending business divisions.
Rosenthal Trade Capital will serve importers, exporters, wholesalers, assemblers and light manufacturers that face complex challenges ranging from seasonality and rapid growth to undercapitalization and turnaround situations. Through the new division and product offerings, clients will have access to a broad spectrum of alternative inventory financing solutions, including:
· Purchase order financing for international and domestic presold inventory purchases
· Production financing for light manufacturing and assembly businesses
· Government contract financing
A seasoned financial executive, Schuldiner joins Rosenthal as Senior Vice President of Rosenthal Trade Capital, bringing nearly 20 years of experience in the purchase order and trade finance business. In his new role, Schuldiner will be responsible for driving the overall business strategy for Rosenthal Trade Capital. Also joining Schuldiner from Wells Fargo Capital Finance is Jennifer Draffkorn, who will be responsible for portfolio management and underwriting at Rosenthal Trade Capital. Their appointments are effective as of July 1, 2016.
“We are thrilled to launch our newest division, Rosenthal Trade Capital so that we can continue to provide the kinds of services and financing products that fit our clients’ individual, and often complex needs,” said Peter Rosenthal, President of Rosenthal. “Under Paul’s leadership, I’m confident Rosenthal Trade Capital will become another substantial platform for growth for our firm and my family’s legacy.”
As a partner and Managing Director of Business Development at King Trade Capital, Schuldiner was responsible for providing purchase order and contract finance for small to middle-market companies. He previously held a senior leadership role in the Purchase Order Finance Group of Wells Fargo Capital Finance and was a principal at Transcap Associates for 11 years before Wells Fargo acquired it in 2008.
“It’s a privilege to join the Rosenthal team and I’m looking forward to bringing my industry expertise to help drive growth at a company with such a rich legacy and strong reputation for excellence and quality,” said Schuldiner.
On Monday, June 27th Rosenthal was pleased to be honored at the Fourth Annual Sephardic Bikur Holim golf event with The Partners in Kindness Award. Accepting the award on behalf of the Rosenthal Family was Peter Rosenthal, Cassie Rosenthal, Eric Bader, and Chris Sanjenis. We were overwhelmed by the support shown that day and want to express our gratitude to all in attendance and those who donated.
Sephardic Bikur Holim is a non profit mental health and social service agency dedicated to caring for people in need with compassion, discretion, and respect. They provide for health sustenance, support, and well-being of children and adults, the infirm and the disadvantaged through an ever-expanding spectrum of services, programs and resources. At Sephardic Bikur Holim, their goal is to invest in families and individuals with strength and self-esteem so that they can rise with dignity to their utmost potential.
If you're like most entrepreneurs and small business owners in the gift and home industry, you likely wear a lot of hats. Perhaps you're pulling double duty designing new product lines while worrying about whether your accounting is in order. Or maybe you’re managing your company’s vendor relationships and simultaneously working to streamline your manufacturing process. As your business continues to thrive, it’s becoming more and more apparent that you can’t do it all, at least not on your own....
February 25th, 2016
The New York Institute of Credit Women in Achievement Awards Presents Cassie Rosenthal with the Inaugural Renaissance Award.
The New York Institute of Credit (NYIC) was founded in 1918 as the New York Chapter of the National Institute of Credit (NIC). In 1957 NYIC was granted an absolute charter as an educational corporation by the Board of Regents of the State of New York. As a non-profit organization, NYIC has always attempted to bridge the gap between business theory and business practice. As a result, the faculty of NYIC consists of educators who are primarily credit executives or prestigious and articulate accountants or lawyers who are appreciative of the value of a close alliance of the professions. The synergetic education created out of that special relationship has been effective and acknowledged. The administration of the NYIC is conducted by Trustees, elected Officers and a staff which is headed by the Executive Director.
Rosenthal & Rosenthal, Inc. announced that with the assistance of KCP Advisory Group, LLC it has completed new financing to Browne Trading Company, Inc. the premier supplier of fresh fish, fine caviar, shellfish, and smoked seafood to elite, Michelin star rated restaurants and home kitchens across the US. The revolving line of credit is comprised of advances against the company's receivables and inventory.
In addition to refinancing previous lenders, the proceeds will be used to support working capital requirements. Jacen Dinoff of KCP Advisory Group indicated that "Rosenthal & Rosenthal was determined to be the right financial partner for Browne Trading Company due to their creative financing and flexibility to support the company through their restructuring".
"We are pleased to have Rosenthal & Rosenthal as our lending partner as we continue to restructure our operations. The team at Rosenthal showed amazing interest in our story and moved quickly to structure a facility that will allow us to capitalize the company's position for significant growth" said Rod Mitchell, president of Browne Trading Company.
Rosenthal & Rosenthal, Inc. is a leading factoring and asset based lending firm in the United States. Founded in 1938 by Imre J. Rosenthal, the firm is now led by the second and third generations of the Rosenthal family. As a privately held company, Rosenthal is committed to providing personalized service and flexible lending to clients across a broad range of industries, including manufacturing, apparel, food & beverage, technology, jewelry, accessories, real estate and art lending.
KCP Advisory Group is a leading business advisory firm built on the success of seniorprofessionals who specialize in providing creative solutions and aiding clients in rehabilitating their businesses. KCP renders services spanning a range of advisory roles from consulting to interim leadership.
View From the Top
Large and Entrepreneurial Players Speak Out
By: Michele Ocejo
Cassie Rosenthal speaks at the Yale Women’s Leadership Initiative Conference in New Haven, CT Saturday February 6th, 2016, Female Financiers: Leaders in the World of Finance.
3 ways to reshape your business in 2016