Republic Business Credit successfully funded a $1,000,000 non-recourse factoring facility for a prominent Los Angeles-based fashion and textile manufacturer. Republic's tailored solution provided the company with an outsourced accounts receivable partnership, cash flow support and resources to identify the creditworthiness of its customers.
Republic’s product will enable the apparel manufacturer to manage its inventory levels, cover expenses and pursue new business opportunities with confidence, especially amid the evolving tariff landscape.
The factoring facility was established following a referral from a trusted banking partner in the Los Angeles community, highlighting Republic's reputation across the industry.
The founder expressed excitement at closing, "This partnership with Republic has been transformative for our operations. The factoring facility it provided has significantly improved our cash flow and allowed us to invest in new product development without hesitation.” He added, “This financial flexibility is crucial to stay competitive in the fashion market."
Republic SVP, Tae Chung, added “The fashion industry operates on tight timelines and certainty of execution. Our partners in the industry often require immediate access to capital so they can seize seasonal buying opportunities.” Chung further added, "Our factoring solutions are specifically designed to bridge these cash flow gaps, converting accounts receivable into immediate funding."
With Republic’s support, the company is poised for continued success, leveraging enhanced liquidity to drive innovation and growth within the global fashion supply chain.
"This partnership underscores Republic's commitment to delivering agile factoring and Asset-Based loans that address the unique cash flow demands of the fast-paced fashion sector," stated Matthew Begley, Republic COO. "Republic’s solutions allow our clients to focus on creativity and production with the assurance their financial foundations are strong and flexible enough to support their ambitions."