Republic Business Credit provided a $3 million ledgered line of credit to an established sustainable beverage company headquartered in the Northeast. The funding will support operations, growth initiatives and working capital needs, along with providing strengthened financial flexibility and liquidity to pay vendors in a timely manner.
After relying primarily on equity capital raises, the company sought to transition to debt financing as food and beverage companies faced tightened funding criteria for add-on equity investments. Additionally, the company has faced a challenging economic environment in recent years, characterized by increased operating costs and a higher cost of capital for expansion. The company sought a flexible capital provider with deep industry expertise and knowledge of market dynamics, as well as a proven track record of providing patient, scalable capital to similar companies.
“Our solutions are crafted for companies such as this who have a promising future, a strong balance sheet and need working capital that increases as they grow,” William Kemp, senior vice president of Republic Business Credit, said. “Our goal is the same as the company’s. We want to see the company succeed and thrive, and we are happy to partner with them on the journey to accomplish that.”
Robert Meyers, President of Republic, added, “Sustainability is a major focus of long-term profitable growth, and we promise to continue our efforts to support companies that have a positive impact on the Earth.”
