Republic Business Credit provided a direct-to-consumer asset-based loan to Paul Frederick, a portfolio company of ClearLight Partners, to refinance the company’s existing bank facility.
Republic Business Credit provided a Midwest-based, privately owned plastics manufacturer with a $3.7 million line of credit.
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 $2.75 million ledgered line of credit for a West Coast natural food manufacturing company. Republic approved a scalable and non-dilutive growth orientated facility that provided availability on their account receivables.
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 Supplies $3MM Direct to Consumer Facility to Apparel Accessory Manufacturer
Republic Business Credit provided a $3 million direct to consumer inventory loan facility to a private equity-owned apparel accessory manufacturer based on the West Coast. The facility provides availability on the manufacturer’s inventory, accounts receivables, merchant accounts and e-commerce related proceeds.
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.
Republic Business Credit provided a $3.65 million ledgered line of credit with extended customer eligibility up to 120 days, a $750,000 unbilled receivables facility and a $350,000 equipment term loan secured by equipment and real estate to a service provider to wireless carriers.
Republic Business Credit provided a $3.5 million ledgered line of credit and a $250,000 unbilled receivables facility to QX Logistix, and also partnered with Change Capital to supply a $750,000 subordinated debt facility along with a third party.