BKON, a national cold brew coffee manufacturer, partnered with Republic Business Credit, a national commercial finance company offering working capital solutions, to continue its dynamic growth. Republic Business Credit provided BKON with a $2 million asset-based loan (ABL). The facility will provide BKON with capital to build its inventory to meet increasing demand from national retailers and grocery stores, enabling the company to fulfill upcoming purchase orders and open new accounts.
“We’ve been building a revolutionary approach to cold coffee, and the interest from national retail partnerships has been tremendous,” Dean Vastardis, CEO of BKON, said. “Our partnership with Republic is an incredible opportunity to bring our innovative products to a wider audience and seize this momentum.”
Republic structured the ABL to address BKON’s specific needs, focusing on flexible concentration limits to accommodate the company’s rapid sales ramp-up. With Republic’s support, BKON is now positioned to execute its ambitious growth plan throughout 2025 and 2026.
“Our team understood BKON’s unique working capital requirements and crafted a flexible asset-based lending solution specific to BKON’s needs,” William Kemp, senior vice president, regional manager at Republic, said. “This agreement underscores our commitment to supporting innovative and evolving companies in the consumer packaged goods industry.”
The transaction was referred to Republic by Oval Ventures, an investment bank focused on supporting the consumer packaged goods industry.
“Our mission at Oval Ventures is to connect entrepreneurs with the right capital partners to achieve their ambitions,” Joseph Grodko, founder and CEO of Oval Ventures, said. “We are delighted to have facilitated this connection, which combined BKON’s innovation with Republic’s knowledge to create a flexible solution that will undoubtedly propel future success.”
Robert Meyers, president of Republic, added, “We thrive on partnering with companies that drive innovation and create value. This partnership embodies that goal, and we look forward to many years of collaboration.”
