Republic Business Credit provided a $1,500,000 non-recourse factoring facility to a California-based apparel manufacturer, fueling the company’s growth plans. The facility offers the manufacturer advances on its receivables, along with the security of credit protection and outsourced receivables management.
Republic’s flexible facility empowers the manufacturing company to leverage its working capital assets effectively and invest in strategic growth initiatives to scale its operations. The company is a well-established private label producer of graphic t-shirts and apparel with an established overseas supply chain. With this added financial stability, it aims to expand its wholesale channels by growing both its private label and branded product lines within major retail markets.
Matthew Begley, Chief Operating Officer at Republic, shared, “Our commitment is to provide tailored financing solutions that empower businesses to grow and succeed. With reliable and efficient funding, we give our clients the financial flexibility to focus on what they do best: designing, producing and delivering exceptional products.”
The deal was sourced through a referral from a former Republic client, highlighting Republic’s strong reputation and commitment to client satisfaction throughout the client lifecycle.
"We are excited to collaborate with this innovative apparel manufacturer and contribute to its growth and success," said Jason Carmona, EVP, Western Regional Manager at Republic. "This partnership showcases the strength of our relationships and the confidence our clients place in us. Having credit protection combined with borrowing availability on its assets, the company can confidently grow its business with Republic as a trusted partner and advisor.”