Republic Business Credit Provides $2.5 Million Credit Facility to Texas-Based Beverage Company

HOUSTON, TEXAS –

When a Texas-based beverage company was searching for capital to expand its operations, the company selected Republic Business Credit as its partner. Republic provided a credit facility, totaling $2.5 million, which will supply the energy drink brand with the resources for future growth.

This Texas-based energy beverage and lifestyle brand was founded by a family of athletes with the goal to provide a health-forward energy product to consumers. It is one of the first Black-owned energy drink companies on the market.

The sports drink is created with a blend of cordyceps mushrooms and natural flavors, which combine to help combat the jittery feelings associated with energy drinks. The innovative formula is vegan and non-GMO, while delivering electrolytes, essential vitamins and BCAAs.

The company offers a variety of drink flavors, including Tropical Berry, Candy, Blueberry Lemonade, Peach Pineapple, Watermelon Fruit Punch, Gummy Bear, Mango Passion Fruit, and Acai Mixed Berry.

Republic provided a $2.5 million Ledgered Line of Credit and a $250,000 call facility to help accelerate the company’s ability to fulfill the backlog of purchase orders from regional sports and nutrition retailers across the West Coast.

Republic President Robert Meyers said, “We are very excited to partner with a company that is innovative and focused on growth. We are grateful to play a role in the story of this company and look forward to supporting its goals.”

Leigh Guglielmo, SVP, Business Development, New Orleans, at Republic, was also confident about the prospects of the deal. “We are thrilled to partner with a diverse company that’s already shown so much promise,” said Guglielmo. “We believe in the vision of this company and are excited to provide this line of credit to bolster its growth.”