Republic Business Credit Provides Factoring Facility to New York Apparel Importer | PR Newswire [Video]

Company sought to limit financial risk and obtain additional working capital to support Spring orders

, /PRNewswire-PRWeb/ — A New York-based apparel company has partnered with Republic Business Credit to secure a non-recourse factoring solution, allowing the company to extend payment terms to its customers without assuming additional financial risk. This partnership will enable the company to meet recent, growing demand for its products and solidify customer relationships to support long-term growth potential.

We strive to find solutions that help companies not only maintain, but significantly strengthen their already outstanding customer relationships.

Republic was able to leverage an efficient approval process due to its deep understanding of the apparel industry. The factoring facility will provide the company with immediate access to working capital, enabling its leaders to focus on core operations and driving further growth.

“Republic has a deep understanding of the challenges and opportunities facing apparel companies,” stated William Kemp, SVP for Republic. “We are pleased to apply our …