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Republic Provides $1.5MM Traditional Factoring Facility for Apparel Importer

October 08, 2021, 07:00 AM
Filed Under: Apparel

When a Los Angeles apparel manufacturing and import company sought funding for their fall and winter orders, they chose Republic Business Credit to fuel their growth. Republic approved a scalable traditional factoring facility to support their expected growth in anticipation of the orders they have received for the additional reopening of retail stores. Republic fully approved the customer limits necessary to enable the company to fulfill large purchase orders in the midst of the Pandemic. The Apparel company CEO said, “We are excited about showcasing our growing fashion line and wanted a factoring partner that could grow with our brand.”

Republic provided a $1.5 million traditional factoring facility with credit protection and extended customer payment terms.

The company is a distributor of women’s comfy chic dresses, pant suits and skirts that are ideal for either working from home or going out.  The brand is focused primarily on manufacturing in the USA and sources nearly all of its material domestically. The passion for the brand comes from a balance of fit and texture for working professional women.  The brand is well positioned for the post Covid-19 store re-openings as they had no debt entering the 2nd quarter of 2021.  The brand sought a partnership with an entrepreneurial finance company with deep industry experience and the ability to scale up its facility.
Republic’s funding will eliminate their cashflow gap between paying suppliers and receiving payments from retailers.  he company is unsure what the holiday season will likely bring, but it is confident they have a partner during all of the “return to work” stages.  Republic’s COO, Matt Begley said, “We believe our factoring and asset-based lending products will partner well with businesses as the economy gets back to a growth track.” He further added, “We are excited to help all brands on the front lines of the fourth quarter and future growth.”

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