ROSENTHAL CLOSES $7.5 MILLION ASSET BASED LENDING DEAL WITH MAJOR MIDWEST FOOD DISTRIBUTOR

In business for just under 10 years, the company had an existing relationship with a community bank. The bank was facing limitations on its lending given the shrinking credit market and was unable to continue providing the company with sufficient working capital. The company’s Advisor, Keith Carlson, Shareholder and Managing Director of VonLehman CPA & Advisory Firm, recognized the positive impact that additional working capital would have on the business and introduced the company’s executives to Al Foster, Vice President and Business Development Officer in Rosenthal’s Atlanta office. By leveraging the company’s inventory to support the multi-million dollar revolver facility, Rosenthal was able to provide more working capital than the company’s bank was able to offer.