Republic Business Credit expanded its business finance platform with the acquisitions of Continental Business Credit (CBC) and Fast A/R Funding.
Republic partnered with CBC’s CEO, Matt Begley, to transfer substantially all of its assets to form Republic’s new West Coast office. Republic is expanding its national platform through a dual strategy of organic growth and complementary acquisitions that add new products, talent and geographic expansion. Republic’s new products will include traditional non-recourse factoring, asset-based lending and a technology-enabled small ticket factoring platform to add to its ledgered line of credit and factoring offerings.
Stewart Chesters continues as the CEO of Republic, with Robert Meyers as president and Matt Begley joining as COO.
“It is a rare opportunity to align yourself with another founder that shares your vision such as Matt,” said Chesters. “Robert and I are thrilled to continue this journey together with the addition of Matt to our executive team.”
Republic has made additional personnel changes to support the acquisitions. Jason Carmona was promoted to EVP, Western Regional Manager, tasked with building out a new business team that supports its growth goals. Vanessa Johnson has joined the team as EVP, Asset Based Lending.
“The addition of Jason, Matt, Vanessa and their teams add significant ABL and Apparel Factoring expertise to our team,” said Robert Meyers, president. “With more than 70 years of asset-based lending and non-recourse factoring experience, Matt, Jason and Vanessa are the right leaders as we enhance our client solutions”
Republic will remain headquartered in New Orleans, with offices in Los Angeles, Houston, Chicago, Nashville and Minnesota.