Republic Business Credit provides $2m ABL facility to BKON

Republic Business Credit has provided a $2 million asset-based loan to BKON, a rapidly expanding cold brew coffee manufacturer known for its patented flavour-extraction technology. The financing will help the company build inventory, meet increasing demand from national retailers, and support new customer growth as it scales nationwide.

Based in the United States, BKON has emerged as a leader in the cold coffee concentrate category, supplying premium products to major grocery and retail chains. The company sought a lending partner capable of accommodating its accelerated sales trajectory and seasonal inventory needs as it prepares for heightened demand through 2025 and 2026.

“We’ve been building a revolutionary approach to cold coffee, and the interest from national retail partnerships has been tremendous,” said Dean Vastardis, chief executive officer of BKON.

“Our partnership with Republic is an incredible opportunity to bring our innovative products to a wider audience and seize this momentum.”

Republic Business Credit customised the facility with flexible concentration limits to align with BKON’s growth model and production cycles. The working capital infusion is expected to support fulfillment of upcoming orders, expansion into new retail channels and deeper collaboration with consumer brands seeking scalable, high-quality cold coffee offerings.

“Our team understood BKON’s unique working capital requirements and crafted a flexible asset-based lending solution specific to BKON’s needs,” said William Kemp, senior vice president and regional manager at Republic.

“This agreement underscores our commitment to supporting innovative and evolving companies in the consumer packaged goods industry.”

The transaction was introduced by Oval Ventures, an investment bank focused on the consumer packaged goods sector.

“Our mission at Oval Ventures is to connect entrepreneurs with the right capital partners to achieve their ambitions,” said Joseph Grodko, founder and CEO of Oval Ventures. “We are delighted to have facilitated this connection, which combined BKON’s innovation with Republic’s knowledge to create a flexible solution that will undoubtedly propel future success.”

Robert Meyers, president of Republic Business Credit, said the partnership aligns with the lender’s ongoing strategy to back entrepreneurial and technology-driven brands.

“We thrive on partnering with companies that drive innovation and create value,” Meyers said. “This partnership embodies that goal, and we look forward to many years of collaboration.”