Republic Business Credit provided a $4 million factoring facility to a swimwear manufacturer. Because of its partnership with Republic Business Credit, the swimwear company has shipped more than 10 million orders for the upcoming spring swim season.
When the swimwear manufacturer, which was determined to grow into new market in 2024, outgrew its lender and sought a larger factoring facility, it partnered with Republic Business Credit, which provided the larger factoring facility and more customer credit support than the company’s previous factor, all ahead of an oversold spring season.
Tae Chung, senior vice president at Republic Business Credit, helped facilitate the deal and already had a long-tenured relationship with the swimwear manufacturer.
“Having a strong previous relationship with the partner made this a seamless process for both parties,” Chung said. “For many parts of the country, the spring and summer seasons are fast-approaching, and the company needed to be ready.”
Matthew Begley, chief operating officer of Republic Business Credit, said the swimwear company will be able to grow and meet demand as the warmer weather approaches, allowing the business “to focus on the nuts and bolts of day-to-day demands without worrying about the financing.”
Because of its partnership with Republic Business Credit, the swimwear company has shipped more than 10 million orders for the upcoming spring swim season.