Republic Business Credit Fuels Wholesale Expansion for Mississippi-based Mattress Manufacturer

LOS ANGELES – A Mississippi-based mattress manufacturer partnered with Republic Business Credit to expand into major retailers across the country. Republic was introduced to the company by Renasant Bank’s Tupelo commercial banking team. The Renasant team knew Republic was the right lender because of the manufacturer’s high growth potential and Republic’s deep expertise in both consumer-packaged goods and furniture.

Larry Coggin, North Mississippi Commercial Banking President for Renasant said, “Republic’s industry expertise and ability to support high-growth clients is another great solution we can bring to the overall client relationship.” Coggin added, “We expect that within 18 months the company will mature into a conventional banking relationship.”

Republic provided a $2.5 million non-recourse factoring facility that didn’t require a personal guarantee. The facility empowers the manufacturer to offer attractive payment terms to new wholesale customers, a critical factor in securing larger orders and increasing market share.

Furthermore, the credit protection embedded in the facility mitigates the risk and uncertainty across the retail landscape while allowing the manufacturer to confidently pursue new opportunities.

“The company’s national expansion into the wholesale market represents a significant growth opportunity,” stated Brian Daray, Republic’s SVP Underwriting Manager. “Our financing solution is tailored to support this move with the ultimate goal of driving significant retail success.”

Having established a strong presence in the direct-to-consumer market through both private label and online sales, the manufacturer is well-positioned to replicate this success in the wholesale arena.

“We are more than just a financial provider; we are a trusted and committed partner that supports manufacturers across the country,” said Robert Meyers, President of Republic. “This partnership exemplifies Republic’s dedication to fostering growth and providing innovative financial solutions for businesses across a diverse set of industries.”