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 $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 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.
Republic Business Credit partnered with an award-winning millennial founder, whose creative marketing company has achieved tremendous success partnering with Fortune 500 companies.
Republic Business Credit provided a $3 million ledgered line of credit to a second generation family manufacturing business.
Robert Meyers of Republic Business Credit will act as the 2019 President of the Chicago/Midwest Chapter of the Turnaround Management Association as it enters its 28th year.
Republic Business Credit provided a technology enabled temporary staffing company with a $3 million receivables purchase line of credit and a $750,000 unbilled receivables line of credit.