Republic Business Credit expanded its business finance platform with the acquisitions of Continental Business Credit and Fast A/R Funding.
Continental Business Credit closed a $2 million factoring and inventory lending facility to a distributor of outdoor products based in Southern California.
Continental Business Credit provided a $1.85 Million buyout and working capital facility to a Southern California-based casting company serving the commercial aerospace and defense industries.
Continental Business Credit has closed an asset-based accounts receivable and inventory lending facility to a veteran-owned manufacturer of nylon tactical gear sold to branches of the U.S. military, law enforcement, and medical organizations. The $1 million facility will be used to provide additional working capital to support its growing business.
Continental Business Credit funded a $1.5 million accounts receivable and inventory facility for a health and personal care manufacturer.
Continental Business Credit funded a $3 million asset based lending facility for a fast-growing manufacturer and distributor of premium sports nutrition supplements.
Continental Business Credit completed a $3 million revolving credit facility for a retailer and wholesaler of brand name women’s wear and accessories.
Continental Business Credit completed a $5 million asset-based lending facility for an online retailer and distributor of school supplies.