Republic Business Credit provided a distributor of women’s apparel with a $1.5 million traditional factoring facility with credit protection and extended customer payment terms. The funding eliminated the distributor’s cash flow gap between paying suppliers and receiving payments from retailers. The brand is focused primarily on manufacturing in the United States and sources almost all of its materials domestically.
“We believe our factoring and asset-based lending products partner well with businesses in this sector as the economy moves back toward a growth track,” Robert Meyers, president of Republic Business Credit, said. “We’re excited to help all brands on the front lines prepare for future growth.”
