Republic Provides Direct-to-Consumer ABL to Paul Fredrick

Republic Business Credit provided a direct-to-consumer asset-based loan to Paul Frederick, a portfolio company of ClearLight Partners, to refinance the company’s existing bank facility.

Paul Fredrick, headquartered in Baltimore, is a designer and retailer of men’s apparel and related accessories.

“Republic stepped up to provide the right facility to support our continued growth, allowing us to fully leverage our inventory to keep up with our 2021 growth projections,” Neal Black, CEO of Paul Frederick, said. “While banks typically have a standard formula, Republic really took the time to understand what would enable our business to be successful for the long term. Hats off to the management, underwriting and credit teams for leaning into our business.”

“We are building a great company at Paul Fredrick and Republic’s support combined with our capital partners has positioned our brand for dynamic future growth,” David Ullman, CFO and COO of Paul Frederick, said.

Republic provided a direct-to-consumer inventory loan facility that provides availability on Paul Fredrick’s inventory, accounts receivables, merchant accounts and e-commerce related proceeds. Republic’s funding refinanced Paul Fredrick’s existing bank facility while providing liquidity for future growth.

“We enjoy partnering with great founders and strong equity partners that see value in non-dilutive debt financing,” Robert Meyers, president of Republic Business Credit, said.

“We have built our platform to help support companies that need a mix of scalable growth orientated solutions across our asset-based lending, direct-to-consumer and factoring products,” Matthew Begley, COO of Republic Business Credit, said.