Republic Business Credit closed out a dynamic 2024 with a time-sensitive $4,500,000 asset-based loan to an innovative organic clothing manufacturer located in Los Angeles, California. Republic refinanced an existing loan from a private credit fund that decided to focus on larger corporate transactions through its direct lending model. Republic’s lending solution has empowered the company to meet surging demand for its organic apparel offerings in 2025.  

Recognizing the unique cyclical nature of the fashion industry, Republic tailored the asset-based loan to accommodate the manufacturer's seasonal inventory needs, including its wholesale and e-commerce strategy. The facility provides crucial working capital to purchase materials ahead of peak selling seasons, ensuring timely delivery to major retail partners.

Republic provided a $4,500,000 asset-based loan that was secured by the company’s accounts receivables, inventory and e-commerce proceeds while providing more availability than its previous lender.

"Our commitment to understanding our clients' business models allows us to craft customized solutions that support their needs whether its ABL or factoring," said Tae Chung, SVP Business Development Officer at Republic. "This financing provides the Los Angeles-based manufacturer with the financial flexibility needed to capitalize on a huge market opportunity while maintaining its commitment to sustainable practices."

A company executive expressed confidence in the partnership stating, "Republic's deep expertise in the apparel sector allowed its team to structure a deal that aligns with our seasonal needs and confirm it was possible to refinance our loan prior to the end of the year. This made Republic the perfect financing partner for our business."

The company offers attire for both women and men. It also has the capability to facilitate the resale of pre-loved items, strengthening the company’s mission of sustainability.