Paul Schuldiner and Team Provide a $12.5MM P/O Facility for Footwear Importer

Paul Schuldiner and Team Provide a $12.5MM P/O Facility for Footwear Importer

(NEW YORK)May 20, 2019Rosenthal & Rosenthal, Inc., the leading independent factoring, asset based lending and purchase order financing firm in the United States, today announced the completion of a recent $12.5 million inventory production finance deal for an importer of women’s footwear.

A New York-based importer was restructuring its portfolio of well-established licenses, as well as its growing private label and e-commerce platform, all under its corporate umbrella. The company’s outside accountants, well known to Rosenthal, referred the client to Rosenthal to assist with financing during the restructuring process. The restructuring impacted the company’s relationships with its overseas suppliers and its ability to extend additional open credit terms. In addition, the likelihood of impending tariffs also created further strain with the company’s overseas suppliers. The company first reached out to its existing lender – the factoring division of a large national bank – to alleviate the cash flow strain the business was experiencing. While the factor was supporting the company with an approved overadvance, the bank-owned factor was unwilling to increase the overadvance to the level required. As a result, the successful execution of over $50 million of sales to a combination of big box, specialty retail and other national department and discount retail chains was in jeopardy. Given the extraordinarily large seasonal inventory build, requiring additional open terms from suppliers or additional overadvances from its factor, neither of which were available, the client’s outside accountant recommended utilizing purchase order financing to assist with the increasing financing needs.

Read about how Rosenthal was able to help here.

Rosenthal Proudly Supports The Needlers Foundation at their 2019 Honoree Gala Honoring Dan Milberg

Rosenthal Proudly Supports The Needlers Foundation at their 2019 Honoree Gala Honoring Dan Milberg

Rosenthal was proud to support The Needlers Foundation at the 2019 Honoree Gala on May 15th at Empire Steak at the Kimberly Hotel. Congratulation to this year’s honoree, Dan Milberg, President at Milberg Factors Inc.

Proceeds from this event will support the Needlers Foundation's goal in raising funds; and bring awareness to benefit pediatric neurosurgery, and to help sick and underprivileged children. Learn more about the Needlers Foundation here!

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Rosenthal Supports Big Brothers Big Sisters NYC at their Annual Accountants and Bankers Reception

Rosenthal Supports Big Brothers Big Sisters NYC at their Annual Accountants and Bankers Reception

Rosenthal is a proud supporter of Big Brothers Big Sister NYC, a nonprofit that provides children in NYC who face adversity a one-on-one mentoring relationship with adults that will help change their lives for the better. Congratulation to this year’s honorees at the annual Accountants and Bankers Reception on May 1st: Joseph Ferrone, CPAJeffrey Fliegel, and Frank Grimaldi! Managing director and head of factoring, Michael Stanley is a member of the organizations board of directors

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Rosenthal supports Let's Get Ready for their 20th Anniversary Gala at Chelsea Piers on April 15th

Rosenthal supports Let's Get Ready for their 20th Anniversary Gala at Chelsea Piers on April 15th

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Cassie Rosenthal, Board of Directors Member and her guests at the gala!

Cassie Rosenthal, Board of Directors Member and her guests at the gala!


Let’s Get Ready provides free SAT prep, admission counseling, and post-enrollment mentoring to students from low-income backgrounds and first-generation-to-college students to help them get into and graduate from college. Their peer-driven program is administered by volunteer college students, keeping costs low and ensuring outstanding success rates.

Let’s Get Ready’s annual gala is their signature fundraising event and included a cocktail reception, dinner, programmatic auction and awards presentation. The evening featured their impressive and ambitious participants–high school and college students who are part of a movement of students helping students to and through college.

Congratulations to all the honorees and on raising over $1MM!


R&R team has a successful trip to High Point Furniture Market April 6-10th

R&R team has a successful trip to High Point Furniture Market April 6-10th

We had a great team down in High Point, NC for their annual furniture market that took place on April 6-10th. R&R members included Cassie Rosenthal, Charlie Aiosa (New York), Sydnee Breuer, Ying Yang (California), Mark Collins (High Point), and Ken Frasier, Kirk Brown (Atlanta).

Cassie, Sydnee, Ying, and Mark at the City of Hope's International Home Furnishings Industry 2019 Spirit of Life Award Dinner on Sunday April, 7th in Greensboro, NC. It was a great night supporting the honorees and this incredible organization which raised 3.6MM!

Cassie, Sydnee, Ying, and Mark at the City of Hope's International Home Furnishings Industry 2019 Spirit of Life Award Dinner on Sunday April, 7th in Greensboro, NC. It was a great night supporting the honorees and this incredible organization which raised 3.6MM!

Paul Schuldiner in a Q&A for this months CEW newsletter on how to finance expansion without relying on outside investors in the beauty industry

Paul Schuldiner in a Q&A for this months CEW newsletter on how to finance expansion without relying on outside investors in the beauty industry

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How to Finance Expansion

Whether you’re a fast-growing, direct-to-consumer beauty brand that just scored its dream retailer, or an established company ready to expand, there are financial options available that don’t require securing outside investors, or worse yet, passing on the opportunity for growth.

It’s hard enough for beauty executives to run the day-to-day business without having to balance production schedules, cash flow cycles and finances. The situation is exacerbated in beauty where multiple parties are involved, from ingredient vendors to packaging suppliers to product fillers. But you don’t have to face these challenges alone.

Founded in 1938, family owned Rosenthal & Rosenthal, the largest privately-held factor and finance company in the U.S., has financed countless businesses by providing working capital and a range of resources. Rosenthal’s services—used alone or in tandem with one another—provide the flexibility and stability businesses need to fuel long-term growth.


Heather Fidura featured in this month's TSL women in commercial finance issue

Heather Fidura featured in this month's TSL women in commercial finance issue

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Congratulations Heather!

Heather Fidura has been with Rosenthal & Rosenthal, Inc. for 7 years. She began her career in the credit department assisting senior management with back office reporting and projects. Heather then applied her degree in business marketing and took an interest in learning more about the front office. She helped develop Rosenthal’s marketing strategy and assisted with the company’s rebranding. Heather now works in the Asset Based Lending division as an AVP of Business Development and Underwriting. She handles all transactions from start to finish, from sourcing new business to issuing a term sheet through to due diligence and documentation.

Heather continues to expand her active referral source network of lenders, bankers, private equity firms, investment bankers, brokers and other sources to generate new business for the company. She is on the board of the Contemporary Credit Club and attends conferences and events throughout the year for the CFA, TMA and ACG groups.


Rosenthal & FIIT2ATEE held inaugural health fair for employees!

Rosenthal & FIIT2ATEE held inaugural health fair for employees!

On March 13th, In the effort to allow employees to explore healthy living choices, we partnered with Theo Mccann and FIIT2ATEE to hold our inaugural health fair: New Year New You! Outside vendors were brought in and employees had the opportunity to speak with industry professionals about any health questions or concerns they may have. Among these health care professionals was a personal trainer, physical therapist, acupuncturist, and podiatrist. There was also the opportunity for employees to receive a 10 minute message, which proved to be quite the hit! And what is a health fair without a free healthy lunch and fresh pressed juices! The fair proved to be a success and we look forward to our next one in the fall!

Rosenthal Sponsors Accessory Council in celebrating its 25th year!

Rosenthal Sponsors Accessory Council in celebrating its 25th year!

The Accessories Council is a not-for-profit, international trade organization established in 1994. Their mission is to stimulate global consumer awareness and demand for fashion accessory products. They serve the industry globally which generates over $50.8 billion dollars annually in the United States alone.

The event was held in the beautiful Luxottica building where more than 100 Council members came together to celebrate the 25-year milestone.

Congratulations to the Accessories Council! We had a blast celebrating with you and look forward to more partnerships in the future!

Peter Rosenthal & Paul Schuldiner speak at NYIC/IFA/IFA Northeast Joint Factoring Event on industry trends and supply chain finance

Peter Rosenthal & Paul Schuldiner speak at NYIC/IFA/IFA Northeast Joint Factoring Event on industry trends and supply chain finance

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PANEL #1: Factoring Executives Discuss 2019 Updates & Forecasts
Moderator, Harvey Gross, Executive Director, New York Institute of Credit
Louis Barone, Managing Director, CIT
Marc GrossmanExecutive Vice President, Wells Fargo Capital Finance
Robert GrbicPresident & CEO, White Oak Commercial Fiance 
Peter Rosenthal, President, Rosenthal & Rosenthal

PANEL #2: Supply Chain Finance: The New Frontier In Working Capital
Moderator, Paul SchuldinerExecutive Vice President & Division Manager, Rosenthal & Rosenthal, Inc.
Dave Baartmans, Chemicals & Healthcare Sector Lead, HSBC Bank
Michael ClainPartnerWindels Marx
Noam ManiCEO, Quartix Finance 

PANEL #3: Updates on Lender License Law, Commercial Loan Disclose Law and Confession of Judgements
Moderator, Richard SimonMember, Mandelbaum Salsburg
Robert ZadekOf Counsel, Buchalter

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Department Stores Make Case at Shoptalk

Department Stores Make Case at Shoptalk

Erik Nordstrom

Erik Nordstrom

Hudson’s Bay Co.’s Helena Foulkes (Getty Images)

Hudson’s Bay Co.’s Helena Foulkes (Getty Images)


Executives from Macy's, Nordstrom and Hudson's Bay discussed their transformations at Shoptalk, a retail conference known for championing innovation .