Republic Business Credit Provides $6.75MM Asset-Based Loan to Temporary Staffing Company
Republic Business Credit provided a $6.75 million asset-based loan to a temporary staffing company that outgrew its current bank lender.
Republic Business Credit provided a $6.75 million asset-based loan to a temporary staffing company that outgrew its current bank lender.
Republic Business Credit approved a $5 million factoring facility for a designer wristwatch and accessory distributor to provide financial support for its expected spring and summer sales surge.
Republic Business Credit provided an $8 million asset-based loan to a California-based aftermarket automotive supplier in need of additional working capital after acquiring a competitor.
Republic Business Credit provided an asset-based loan to TRUE linkswear, a golf footwear and apparel company that sought a long-term financing partner that understood the e-commerce and wholesale market strategy of the company.
Modern Sprout, a Chicago-based garden design shop and manufacturer, secured a $5 million asset-based loan with Republic Business Credit at the close of 2023 after the firm outgrew its current lender.
Republic Business Credit provided a non-borrowing, traditional factoring facility to a California-based fabric manufacturer that sought a factoring partner that could fully approve its customers. The facility from Republic Business Credit helped reduce the company’s payment risk.
Republic Business Credit provided a $4 million factoring facility to a swimwear manufacturer. Because of its partnership with Republic Business Credit, the swimwear company has shipped more than 10 million orders for the upcoming spring swim season.
Republic Business Credit financed a $9 million revolving credit facility and a $3.5 million real estate term loan for a family-owned, Illinois-based food manufacturing company.
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 the company an e-commerce asset-based line of credit.
Republic Business Credit extended a $3.5 million asset-based loan revolver, with an additional $500,000 equipment term loan, to an Oregan-based, private equity-owned metal injection molding company seeking a new partner to replace its bank line of credit.