Republic Business Credit provided a $1.5 million non-recourse factoring facility to a California-based apparel manufacturer, fueling the company’s growth plans. The facility was designed to offer the manufacturer advances on its receivables, along with the security of credit protection and outsourced receivables management.
Republic Business Credit designed the flexible facility to empower the manufacturing company to leverage its working capital assets effectively and invest in strategic growth initiatives to scale its operations. With this added financial stability, the manufacturer aims to expand its wholesale channels by growing both its private label and branded product lines within major retail markets.
“Our commitment is to provide tailored financing solutions that empower businesses to grow and succeed,” Matthew Begley, chief operating officer at Republic, said. “With reliable and efficient funding, we give our clients the financial flexibility to focus on what they do best: designing, producing and delivering exceptional products.”
The deal was sourced through a referral from a former Republic client.
“We are excited to collaborate with this innovative apparel manufacturer and contribute to its growth and success,” Jason Carmona, executive vice president, Western regional manager at Republic, said. “This partnership showcases the strength of our relationships and the confidence our clients place in us. Having credit protection combined with borrowing availability on its assets, the company can confidently grow its business with Republic as a trusted partner and advisor.”
