Republic Business Credit Provides E-Commerce Asset Based Line of Credit to Fancy Sprinkles
CHICAGO, Oct. 17, 2023 /PRNewswire/ -- Chicago-based private equity firm, Sterling Partners, tapped Republic Business Credit to help support the continued growth of one of Sterling's portfolio companies, Fancy Sprinkles. Republic provided an E-Commerce asset-based line of credit that helped the company prepare for its national rollout with one of its largest retailers, while supporting its overall online growth strategy.
- CHICAGO, Oct. 17, 2023 /PRNewswire/ -- Chicago-based private equity firm, Sterling Partners, tapped Republic Business Credit to help support the continued growth of one of Sterling's portfolio companies, Fancy Sprinkles.
- We appreciate the line of credit extended by Republic and are confident that this newfound relationship will help us to reach new goals and milestones as a company.
- Fancy Sprinkles is an edible arts company on a mission to completely revolutionize an outdated edible art and baking industry, one bite—or sip—at a time.
- The asset-based loan Republic Business Credit provided had an accordion feature of up to $6 million, which leveraged Fancy Sprinkles' inventory and receivables across its e-commerce and wholesale business.