Rosenthal Provides $500,000 Production Facility to Florida-Based Laboratory Supply Company

(NEW YORK) – November 3, 2021– Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending and purchase order financing firm in the U.S., today announced the completion of a recent $500,000 purchase order finance facility to support the production financing requirements of a Florida-based importer of laboratory supplies.

This early stage company was established by two entrepreneurs that come from the medical, cyber-security and global supply chain worlds. The company focused its initial efforts on PPE distribution during the onslaught of the pandemic. Due to the company’s strong overseas sourcing capabilities, they began to receive sales orders for laboratory supplies from a Fortune 1000 customer. As a result, a financial consultant contacted Rosenthal and recommended the client utilize purchase order financing instead of an equity raise to fund the purchase of pre-sold inventory. Rosenthal’s $500,000 facility allowed the company to fulfill the sales program and deliver the products on time to its expanding customer base. Cash against document payments were used to fund the purchase of product from the company’s overseas supplier as well as duty and freight costs. Rosenthal’s advance rate was 100% on the cost of the pre-sold inventory.