Republic Acquires Continental and Fast A/R Funding
Republic Business Credit expanded its business finance platform with the acquisitions of Continental Business Credit and Fast A/R Funding.
Republic Business Credit expanded its business finance platform with the acquisitions of Continental Business Credit and Fast A/R Funding.
Continental Business Credit closed a $2 million factoring and inventory lending facility to a distributor of outdoor products based in Southern California.
Continental Business Credit provided a $1.85 Million buyout and working capital facility to a Southern California-based casting company serving the commercial aerospace and defense industries.
Continental Business Credit has closed an asset-based accounts receivable and inventory lending facility to a veteran-owned manufacturer of nylon tactical gear sold to branches of the U.S. military, law enforcement, and medical organizations. The $1 million facility will be used to provide additional working capital to support its growing business.
Continental Business Credit funded a $1.5 million accounts receivable and inventory facility for a health and personal care manufacturer.
Continental Business Credit funded a $3 million asset based lending facility for a fast-growing manufacturer and distributor of premium sports nutrition supplements.
Continental Business Credit completed a $3 million revolving credit facility for a retailer and wholesaler of brand name women’s wear and accessories.
Continental Business Credit completed a $5 million asset-based lending facility for an online retailer and distributor of school supplies.
Continental Business Credit hired Jason G. Carmona as executive vice president and ABL manager. He will report to CEO Matthew Begley.