Republic Business Credit approved a $5 million factoring facility for a designer wristwatch and accessory distributor to provide financial support for its expected spring and summer sales surge.
Republic Business Credit provided a $1.25 million scalable, traditional factoring facility to support the novel wristwatch company’s expected growth, fulfill initial orders and provide a cushion for summer demand.
Republic Business Credit provided a $1.25 million traditional factoring facility with credit protection and extended customer payment terms to a Los Angeles-based consumer packaged goods distributor that distributes watches and other accessories.
Republic Business Credit provided a $2.5 million factoring facility to a Los Angeles-based apparel manufacturer and importer to support its upcoming holiday season orders.
Republic Business Credit provided a $1.5 million traditional factoring facility for a Los Angeles-based apparel importer for its 2020 fall and winter orders.
Republic Business Credit hired Tae Chung as senior vice president of business development in its Los Angeles office. Chung will lead Republic’s efforts in the apparel, accessory, electronic, textile, furniture and importer segments.
Continental Business Credit completed a $3 million revolving credit facility for a retailer and wholesaler of brand name women’s wear and accessories.