FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Republic Business Credit Provides $4MM Traditional Factoring Facility to Apparel Company

February 12, 2024, 07:00 AM
Filed Under: Apparel

When a swimwear manufacturer outgrew its lender and sought a larger factoring facility, it partnered with Republic Business Credit. Republic was the ideal partner, providing the company with a larger factoring facility and more customer credit support than its previous factor, ahead of an oversold spring season.
The company is an apparel manufacturer and wholesaler that specializes in swimwear. It is brand historically recognized for its fashionable women’s swimwear while also offering loungewear, sweaters and other swim apparel and accessories.

The company was determined to grow into new markets in 2024. Partnering with Republic allowed the company to access a $4 million factoring facility and increase customer approvals. Republic provided a facility to support spring shipments into major retailers.

Tae Chung, Republic’s Senior Vice President, California, helped facilitate the deal and already had a long-tenured relationship with the swimwear manufacturer.

“Having a strong previous relationship with the partner made this a seamless process for both parties,” Chung said. “For many parts of the country, the spring and summer seasons are fast-approaching, and the company needed to be ready.”

Republic Chief Operating Officer Matthew Begley said the swimwear company will be able to grow and meet demand as the warmer weather approaches, allowing the business “to focus on the nuts and bolts of day-to-day demands without worrying about the financing.”

Because of its partnership with Republic, the swimwear company shipped more than 10 million orders for the upcoming spring swim season. 

Week's News

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.