Republic Business Credit Works with Women’s Apparel Company to Prepare for ‘Return To Work’ Demand
August 9, 2023
August 9, 2023
New Orleans, LA –
Recognizing this increased consumer interest, Republic Business Credit worked with a distributor of women’s apparel to help restock stores that are re-opening with more clothing options and supplies. The brand is focused primarily on manufacturing in the United States and sources almost all of its materials domestically. The brand is well-positioned, as it had no debt entering the second quarter of 2021.
Republic provided the company with a $1.5 million traditional factoring facility with credit protection and extended customer payment terms. The funding eliminated the distributor’s cash flow gap between paying suppliers and receiving payments from retailers.
“We believe our factoring and asset-based lending products partner well with businesses in this sector as the economy moves back toward a growth track. We’re excited to help all brands on the front lines prepare for future growth,” Republic’s President, Robert Meyers said.
As the pandemic caused unexpected shipment problems, delays and cancellations, Republic’s clients needed support to bridge gaps in postponements and uncertainty in supply chains. In apparel, Republic provides importers, distributors and manufacturers with the necessary support and guidance to adapt to staggered re-openings.
Republic provides factoring, asset-based lending and direct-to-consumer facilities across the U.S. up to $10 million. Republic partners with banks, accountants, sponsors, lawyers and investment banks to collaboratively support entrepreneurs and create value by enabling them to focus on their businesses.