Republic Business Credit approved a $5 million factoring facility for a designer wristwatch and accessory distributor to provide financial support for its expected spring and summer sales surge.
Republic Business Credit provided a non-borrowing, traditional factoring facility to a California-based fabric manufacturer that sought a factoring partner that could fully approve its customers. The facility from Republic Business Credit helped reduce the company’s payment risk.
Republic Business Credit provided a $4 million factoring facility to a swimwear manufacturer. Because of its partnership with Republic Business Credit, the swimwear company has shipped more than 10 million orders for the upcoming spring swim season.
Republic Business Credit provided a $1 million traditional factoring facility to a women-owned, Los Angeles-based women’s apparel manufacturing company that sought funding to meet building demand.
Republic Business Credit provided a $6.5 million traditional factoring facility for a designer, manufacturer and wholesaler of women’s clothes, helping the company meet the shipping needs of its spring and summer collections.
Republic Business Credit provided a $1.25 million scalable, traditional factoring facility to support the novel wristwatch company’s expected growth, fulfill initial orders and provide a cushion for summer demand.
Republic Business Credit provided a $1.25 million traditional factoring facility with credit protection and extended customer payment terms to a Los Angeles-based consumer packaged goods distributor that distributes watches and other accessories.
Republic Business Credit hired Tae Chung as senior vice president of business development in its Los Angeles office. Chung will lead Republic’s efforts in the apparel, accessory, electronic, textile, furniture and importer segments.
Hana Financial and its factoring and asset-based lending subsidiary, Hana Commercial Finance, hired several seasoned industry veterans to support their factoring and ABL businesses and expand into new industries.