Republic Business Credit provided a $2.5 million ledgered line of credit and a $250,000 call facility to a Texas-based beverage company that was searching for capital to expand its operations.
This Texas-based energy beverage and lifestyle brand was founded by a family of athletes with the goal of providing a health-forward energy product to consumers. It is one of the first Black-owned energy drink companies on the market.
The company’s sports drinks are created with a blend of cordyceps mushrooms and natural flavors, which combine to help combat the jittery feelings associated with energy drinks. The formula is vegan and non-GMO compliant while delivering electrolytes, essential vitamins and BCAAs.
Republic Business Credit’s financing will help accelerate the company’s ability to fulfill its backlog of purchase orders from regional sports and nutrition retailers across the West Coast.
“We are very excited to partner with a company that is innovative and focused on growth,” Robert Meyers president of Republic Business Credit, said. “We are grateful to play a role in the story of this company and look forward to supporting its goals.”
“We are thrilled to partner with a diverse company that’s already shown so much promise,” Leigh Guglielmo, senior vice president of business development in New Orleans at Republic Business Credit, said. “We believe in the vision of this company and are excited to provide this line of credit to bolster its growth.”
