Republic Business Credit and Meritus Capital formed a channel partnership to increase access to growth capital for temporary staffing companies nationwide. The partnership enhances Meritus Capital’s ability to support the broader financial health of staffing businesses looking to scale rapidly, pursue acquisitions, maintain profitability and leverage stronger balance sheets.
The companies share similar core values and a focus on long-term relationship-building with growing businesses. Through the Powered by Republic platform, Meritus will leverage Republic’s balance sheet to solve the complex capital needs of clients, often at a lower cost of capital. The partnership also allows Meritus to add revolving lines of credit to its lineup for the first time. Alongside accounts receivable financing and payroll funding, revolving lines of credit give clients flexible, ongoing access to working capital at scale.
“As a company founded by entrepreneurs, we value partners who bring that same spirit, urgency, and desire to actually understand the businesses they support,” Robert Meyers, CEO of Republic Business Credit, said. “Working together, more clients will benefit from stronger solutions that are aligned with their growth strategy and the opportunities in front of them.”
Paul DeLuca, CEO of Meritus Capital, added, “As our clients grow, their capital needs to become more bespoke and nuanced. This partnership gives us direct access to a much deeper lending platform. We have always been growth-focused, and we knew Republic would enable us to better support our clients at scale with additional funding solutions.”
Meyers concluded, “Temporary staffing is one of the leading indicators of economic health as companies adjust their workforce, and we are proud supporters of the industry.”
