When a California-based natural food manufacturer outgrew its small business loan, it formed a new partnership with Republic Business Credit (RBC). RBC was introduced by a lower middle market debt advisor in the natural food industry to help the company navigate this period of growth.
“It can be difficult as an early-stage company if you don’t choose the right partners,” Jason Carmona, executive vice president, Western regional manager at RBC, said. “We transformed a challenging situation into a positive outcome for our client by swiftly developing a plan that ensured the seamless fulfillment of all outstanding orders. We believe in the company’s purpose and are happy to help keep this flourishing product on the market.”
RBC provided a $1.2 million factoring facility to support the manufacturer’s future growth plans. In addition to providing the ability to rapidly scale to meet customer demand, RBC provided funding for the company’s extended term customers with up to 120 days of eligibility. Additionally, RBC was able to waive the personal guarantee requirement due to the single-family ownership.
“From the beginning, this company exemplified the entrepreneurial spirit of a growing business in the exciting natural food space,” Robert Meyers, president of RBC, said. “We are proud to partner with this company and support its future financial success.”
