Republic Business Credit closed 2024 with a time-sensitive $4.5 million asset-based loan to an innovative organic clothing manufacturer located in Los Angeles. Republic refinanced an existing loan from a private credit fund that decided to focus on larger corporate transactions through its direct lending model.
Republic’s lending solution has empowered the company to meet surging demand for its organic apparel offerings in 2025. The facility provides crucial working capital to purchase materials ahead of peak selling seasons.
Republic’s asset-based loan was secured by the company’s accounts receivables, inventory and e-commerce proceeds while providing more availability than its previous lender.
“Our commitment to understanding our clients’ business models allows us to craft customized solutions that support their needs whether its ABL or factoring,” Tae Chung, senior vice president, business development officer at Republic, said. “This financing provides the Los Angeles-based manufacturer with the financial flexibility needed to capitalize on a huge market opportunity while maintaining its commitment to sustainable practices.”
“Republic’s deep expertise in the apparel sector allowed its team to structure a deal that aligns with our seasonal needs and confirm it was possible to refinance our loan prior to the end of the year,” a company executive said. “This made Republic the perfect financing partner for our business.”
