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Republic Business Credit Provides $3MM Factoring Facility to Fuel Rapid Growth of Apparel Manufacturer

July 16, 2024, 07:45 AM
Filed Under: Apparel

Based on a referral from a well-known California CPA firm, a rapidly expanding apparel manufacturer chose Republic Business Credit as its preferred factoring partner. Facing imminent deadlines for spring shipments, the LA-based clothing manufacturer sought a dynamic financing solution capable of scaling with its accelerated growth.

Specializing in full-package garments for major national retailers, the apparel manufacturer's executive team boasts extensive experience in the apparel and textile sectors, positioning the company as a rising leader in women's fashion, encompassing tops, bottoms and dresses. Reflecting on their recent success, the company’s founder emphasized, "We surpassed our spring orders by 150% and needed a partner who truly understood our industry."

Republic swiftly responded with a $3,000,000 factoring facility, which was promptly increased to $4,000,000 within the first month as demand surpassed initial expectations. Republic's approach included the full approval of most customers and strategic funding support for non-approved accounts, ensuring seamless cash flow management for the manufacturer.

Republic Senior Vice President of Business Development in Los Angeles, Tae Chung, highlighted Republic's tailored solutions: "Republic's expertise in women’s apparel enabled us to craft dynamic options that perfectly aligned with the client's needs. Once our strategy was set, we moved swiftly to finalize the agreement, and we are already enhancing our support for their future growth."







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