Republic Business Credit provided a $3 million direct to consumer inventory loan facility to a private equity-owned apparel accessory manufacturer based on the West Coast. The facility provides availability on the manufacturer’s inventory, accounts receivables, merchant accounts and e-commerce related proceeds. The funding also refinanced the manufacturer’s existing bank facility while providing liquidity to enhance its e-commerce strategy. The manufacturer believes it will be an unpredictable wholesale revenue year, but it has received an uptick in orders direct from customers. The company manufactures and distributes licensed and branded apparel accessories, including bags, wearables and other wardrobe add-ons.
“We enjoy partnering with strong equity partners that see value in non-dilutive, growth supporting, debt financing opportunities,” Robert Meyers, president of Republic Business Credit, said. “We have built our platform to help support companies that need a mix of scalable growth orientated solutions across our asset-based lending, direct to consumer and factoring products.”
Republic Business Credit provides asset-based loans, ledgered lines of credit, non-recourse factoring, factoring and direct to consumer loans, including e-commerce working capital. Since its founding in 2011, Republic Business Credit has provided more than $10 billion in working capital.