Republic Business Credit provided a $750,000 factoring facility to an emerging footwear manufacturer. Republic’s traditional factoring product and credit protection services will support the company’s working capital needs and growth strategy while protecting it from credit risk.
The company sought a partner with expertise in the fashion industry, including expert credit analysis and collections management services, as well as an understanding of its customers’ creditworthiness. A former Republic Business Credit client referred the company to Republic.
“Our industry experience and client relationships are several of our keys to success,” Gammie Chung, vice president of Republic Business Credit, said. “We are proud to have a reputation that inspires confidence in our clients and the flexibility to support their growth.”
By leveraging Republic’s apparel industry experience and factoring solution, the company can confidently move forward with growth plans.
“Our goal is to provide not only funding but also peace of mind to our clients,” Matthew Begley, chief operating officer of Republic Business Credit. “With Republic, clients have a partner dedicated to their success.”
