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Republic Provides $6.5MM Credit Facility to Gulf Coast Food Manufacturer
Wednesday, December 11, 2019

Lenders/Participants Republic Business Credit [Lender]
Structure Receivables Line of Credit
Amount $6.500 Million
Borrower(s) Undisclosed
Description A Receivables Line of Credit facility with no covenants or cash flow requirements. Republic’s ongoing funding will be used for the purchase of raw materials, equipment and to invest in their distribution assets. The company is planning to increase their revenue by 300% in 2020 and see their first months of profitability. Transaction details not disclosed.
Industry Food Production - Processing
Related Tags Republic Business Credit

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