Rosenthal Fuels Growth Across the Beauty Industry
When a New York-based investor and operator of consumer products in the health, beauty and wellness space received a major order from a large, big box retailer, they simply could not turn it down. Even with an existing factoring facility from Rosenthal already in place, the company still did not have enough working capital to cover the requirements needed to fulfill the order. Aside from needing assistance with procuring components for the product from several large domestic and international suppliers, the client also needed help with assembly and packaging of the final branded products, plus logistics costs.
Rosenthal stepped in and developed a purchase order financing program to help the client meet is complex supply chain financing requirements, providing a combination of letters of credit and cash funding. With access to the additional working capital, the company was able to fulfill the large sales order, deliver the products on time to the retailer and ultimately create a platform for future growth in the industry.