Based on a referral from a well-known California CPA firm, a rapidly expanding apparel manufacturer has chosen Republic Business Credit as its preferred factoring partner. Facing imminent deadlines for spring shipments, the LA-based clothing manufacturer sought a dynamic financing solution capable of scaling with its accelerated growth.
“We surpassed our spring orders by 150% and needed a partner who truly understood our industry,” the company’s founder said.
Republic responded with a $3 million factoring facility, which was promptly increased to $4 million within the first month as demand surpassed initial expectations. Republic’s approach included the full approval of most customers and strategic funding support for non-approved accounts, ensuring seamless cash flow management for the manufacturer.
“Republic’s expertise in women’s apparel enabled us to craft dynamic options that perfectly aligned with the client’s needs,” Tae Chung, senior vice president of business development in Los Angeles for Republic, said. “Once our strategy was set, we moved swiftly to finalize the agreement, and we are already enhancing our support for their future growth.”
“We’ve surpassed our 2024 sales targets ahead of schedule, marking a pivotal year of growth for Republic Business Credit,” Matthew Begley, chief operating officer of Republic, said. “We look forward to forging new partnerships with companies experiencing similar growth trajectories.”
