Republic Business Credit provided a $5 million ledgered line of credit facility with a $500,000 purchase order call facility to a Gulf Coast region-based food service company.
The Secured Finance Network (SFNet) added to its executive and management committees for fiscal year 2022. These leaders guide the association, make policy decisions, confirm new members and provide thought leadership in advocacy and education.
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 $2.75 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 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 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.