Republic Provides a $5 Million flexible facility to Consumer Goods Manufacturer
May 14, 2018
May 14, 2018
NEW ORLEANS (PRWEB) MAY 08, 2018 – When an international factoring company was unable to keep up with their clients ongoing growth projections, Republic Business Credit replaced their higher cost facility with a ledgered receivables line of credit. The consumer goods manufacturer sought a flexible growth capital partner that understood the retail landscape and would be able to provide ample dry powder for future facility increases.
The client provides innovative products in the rapidly growing home automation category across a variety of distribution channels. The client chose a strategic partner in Republic to extend support as they strive to provide an omni-channel retail experience. Republic paired a better cost structure, eligibility on extended terms to qualified creditworthy retailers and creative funding solution for sales to online vendors. The extended terms allow the client to obtain better gross profit margins without having to worry about funding needs.
Republic Business Credit provided a scalable $5 million receivables purchase line of credit with a flexible structure customized for their retail growth strategy. The business sought a long-term partner in Republic that will support their aggressive growth goals following their bullish outlook arising from the recent tax reform.
“It is exciting to support manufacturing companies as they continue to increase their essential contribution to our countries economy,” said Robert Meyers, President of Republic. “As a commercial finance company, we are passionate about supporting growth focused companies that provide new choices to consumers. We have strong relationships with industry experts in the retail sector, and they trust us to provide the right solution for their clients.”
Republic Business Credit supports accountants, lawyers, investments bankers and other centers of influence across the United States. Helping them to create value, strengthen relationships and support successful growing businesses.