Republic Business Credit provided a $2.5 million factoring facility to a Los Angeles-based apparel manufacturer and importer to support its upcoming holiday season orders. The company is a distributor of footwear for men and women that recently expanded into fashionable gloves and some disposable gloves used as personal protective equipment.
Republic Business Credit provided a $2.5 million traditional factoring facility with credit protection and a $750,000 inventory sub-limit to help support the client’s goods in transit into Los Angeles.
“We believe our factoring and asset-based lending products partner very well with growing brands during this uncertain time,” Matt Begley, COO of Republic Business Credit, said. “We are thrilled to support great brands across the clothing, footwear and accessory categories.”
Republic Business Credit provides factoring, asset-based lending and direct-to-consumer facilities up to $10 million across the United States.
