Republic Business Credit partnered with a family office to provide a $2.5 million receivables financing facility for its precision metal coating company. The new financing is structured to meet the company’s working capital requirements and to fuel its aggressive growth strategy, which projects accelerated sales and an expanded customer base.
Initially, the sponsor sought a financing partner capable of funding both accounts receivable and equipment. Recognizing Republic’s expertise in the metal product manufacturing sector, the company reached out to evaluate structuring alternatives. While Republic presented multiple options, the company ultimately selected a receivables-only facility to capitalize on Republic’s accelerated closing timeline. To support the company’s strong balance sheet, Republic has also offered the flexibility to add an equipment term loan or a capital expenditure facility in the future.
“This partnership underscores the value of strong industry connections and expertise,” Leigh Guglielmo, senior vice president of business development at Republic Business Credit, said. “Leveraging both allowed us to meaningfully impact the company’s long-term growth potential.”
Robert Meyers, CEO of Republic Business Credit, added, “As a wholly owned subsidiary of a bank, we provide the full toolbox to our partners while combining our strength with the heart of an independent commercial finance company. This unique positioning allows us to structure creative solutions throughout the entire lifecycle of our clients, empowering our clients to capitalize on opportunity and exceed their growth goals.”
