California Apparel News

Rosenthal & Rosenthal, a finance company specializing in factoring and asset-based lending, announced it is starting a new division called Rosenthal Trade Capital to provide alternative inventory-financing solutions to cash-constrained companies.

Heading up the new division will be Paul Schuldiner, who on July 1 became senior vice president of Rosenthal Trade Capital. Previously, he was a partner and managing director of business development at King Trade Capital, where he was responsible for providing purchase-order financing and contract financing for small to middle-market companies. In his new role, he will be responsible for driving Rosenthal Trade Capital’s business strategy.

Joining him at Rosenthal Trade Capital is Jennifer Draffkorn, who previously was at Wells Fargo Capital Finance. Draffkorn will be responsible for portfolio management and underwriting.

“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 the company, which was founded in 1938.

Rosenthal Trade Capital will serve importers, exporters, wholesalers, assemblers and light manufacturers that face challenges such as seasonality and rapid growth to undercapitalization and turnaround situations.

The division will be offering alternative inventory financing solutions that include purchase-order financing for international and domestic presold inventory purchases, production financing for light manufacturing and assembly businesses, and government-contract financing.

Rosenthal & Rosenthal’s clients come from a wide spectrum of industries including manufacturing, apparel, food, beverages, technology, jewelry, accessories, real estate and art lending.