Republic Business Credit Provides $2MM Credit Facility to Printing Company
When a West Coast privately owned digital print and marketing solutions company sought funding for their future business plans, it partnered with Republic Business Credit. The company brought on Republic as its first senior debt provider to better leverage the invested capital from its founders.
Republic approved a working capital facility as the company was seeking to partner with a senior lender that understood the opportunities and risks inherent in its business.
The company is a digital print and marketing solutions company that supports large and medium sized companies throughout the U.S. The company specializes in providing print-on-demand, short run publications, commercial printing, packaging, large format signage, direct mail, fulfillment and self-publishing solutions with locations in the West and Rocky Mountain regions.
The company wanted to bring on a senior debtor provider to ensure it could support a surge in purchase orders combined and the inevitable supply chain and working capital issues that precede growth.
“We wanted to find a senior debt partner during the pandemic so that we had the comfort they would support us over the next few years no matter what the economy may bring,” the company’s CFO said. “We know that Republic can help us through the least certain times and that will better prepare our business to seek new revenue and product opportunities.”
Republic Business Credit provided a $2 million ledgered line of credit facility that injected new cash into the company from its available the assets. Republic was introduced to the opportunity from a regional bank that was unable to underwrite the credit during the current pandemic.
“We are well positioned to help companies across the balance sheet through both asset-based lending and factoring,” Jason Carmona, EVP of Republic Business Credit, said. “Our team worked with the company to structure a creative and flexible facility that provided liquidity so the management team could focus on growth.”
Republic will likely add on an equipment term loan facility in 2021 as the company expects growth on the horizon.