Republic Business partnered with a broker in the apparel community to provide a $750,000 non-recourse factoring facility for an apparel manufacturing company.
Republic Business Credit partnered with a West Coast private equity group to provide a $4.5 million asset-based loan with an accordion of up to $7 million to support a food manufacturer.
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 $5 million asset-based lending facility for an online retailer and distributor of school supplies.
TAB Bank said it has provided a rediscount credit facility for Fast A/R Funding, a specialty finance company that provides working capital facilities for companies through factoring receivables.