Republic Business Credit provided a $1 million traditional factoring facility to a women-owned, Los Angeles-based women’s apparel manufacturing company that sought funding to meet building demand. The financing allowed the company to double its sales in the first half of 2023.
“Our factoring, credit protection and collections products are tailor-made for growing brands,” Tae Chung, senior vice president of business development at Republic Business Credit, said. “We are proud to support so many great brands across the women’s apparel industry, especially those that are woman-owned.”
The company specializes in selling a variety of women’s streetwear products, including t-shirts, sweatshirts and joggers. The company is focused on merging luxury with street style, providing comfort to its customers without sacrificing fashion.
“As a promising area of growth in the fashion industry, it is an exciting time to invest in streetwear,” Robert Meyers, president of Republic Business Credit, said. “It is a great opportunity to support a women-owned business in the growing, popular industry of women’s fashion.”
The company was founded in 2012 and sells women’s clothing through its own line and private labels. It currently employs 15 people and its top customers are Fashion Nova and Windsor Fashions.
“It is encouraging to see rapid growth in the U.S.-based apparel manufacturing industry,” Matthew Begley, chief operating officer of Republic Business Credit, said. “We are excited to add this company to our growing portfolio of apparel companies we have helped to grow through factoring and lending solutions.”
