Secured Research | Equipment Finance Originator | Monitor | Monitor Suite | Converge | STRIPES Leadership
No Result
View All Result
ABF Journal
Forward for Specialty Finance
SUBSCRIBE
Lender & Services Directory
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
  • Recruiting
  • Events
  • Advertise
  • Contact Us
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
  • Recruiting
  • Events
  • Advertise
  • Contact Us
No Result
View All Result
ABF Journal
No Result
View All Result
Home Deal Announcements

Republic Business Credit Provides $400K A/R Funding to Healthcare Staffing Company

byIan Koplin
July 28, 2022
in Deal Announcements

When two Austin, TX-based entrepreneurs identified an underserved opportunity within the healthcare staffing industry, they sought the payroll funding expertise of Republic Business Credit‘s Fast AR Funding’s dedicated working capital team. With the COVID-19 pandemic creating high demands on healthcare systems across the country, the need for nurses willing to travel to hotspots has greatly increased.

The entrepreneurs needed to focus on growth, not payroll constraints. Fast AR Funding, a program of Republic Business Credit, provided a $400,000 growth-orientated selective factoring solution with a high advance rate to jumpstart the company’s founding. The partnership with Fast AR enabled the company to address market and customer needs without having to worry about how fast they were growing.

The upstart company provides temporary and permanent employees to hospitals and medical centers located throughout the Southwest. Since the start of the COVID-19 pandemic, both urban and rural areas have faced staffing challenges and needed quick solutions. Traveling nurse programs have exploded as a result. The upstart has already tripled its forecast so far in 2022 and sought an increase in its factoring facility to $1 million.

Fast AR Funding provides a scalable, selective factoring facility with an online application and technology-enabled approval process. It allowed the initial funding to flow within 48 hours of receiving the first invoice. The facility allows the client to submit invoices from specific customers that needed to provide funding for growing payroll without the hassle of minimum sales volumes or long-term contracts.

“Entrepreneurs in the temporary staffing business, especially healthcare, have limited options of financing to support their growth,” William Kemp, vice president of business development at Republic Business Credit, said.

“The exponential growth potential of staffing firms makes it difficult for them to obtain traditional bank financing. Factoring works seamlessly as they grow and develop,” Stewart Chesters CEO of Republic Business Credit, said.

Previous Post

CIT Northbridge Credit Adds Lederman as Managing Director for Business Development

Next Post

Huntington Business Credit Provides $35MM in Credit Facilities to American Kenda Rubber Industrial

Related Posts

Deal Announcements

nFusion Capital Provides $10MM ABL Facility to Returning Client

May 8, 2026
Deal Announcements

First Business Bank’s ABL Team Funds $7MM Financing for Aviation Staffing Company Acquisition

May 8, 2026
Deal Announcements

Bain Capital Supports Growth of Kids2 with $225MM Credit Facility

May 8, 2026
Advanced Power Closes $100M Corporate Credit Facility
Deal Announcements

Lockton Closes on $600MM Term Loan and $1.6B Revolving Credit Line with Bank Syndicate

May 8, 2026
Deal Announcements

Alleon Healthcare Capital Provides $500K Medical Accounts Receivable Financing Facility to Substance Abuse Center

May 8, 2026
Deal Announcements

Southstar Capital Delivers $750K Factoring Facility for Telecommunications Infrastructure Contractor

May 8, 2026
Next Post

Huntington Business Credit Provides $35MM in Credit Facilities to American Kenda Rubber Industrial

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

MCA Debt Relief Firm Reviews: A Guide to the Real Options for Business Owners and Lenders

UCC 9-406 Notices in the MCA Market: When Payment Must Be Redirected by Account Debtors

April 24, 2026

When Structure Becomes Strategy

May 5, 2026

The Loss Rate Advantage: Why Direct Lending Continues to Outperform Public Credit Markets

May 1, 2026

The Rise of Layered Capital Structures in Middle Market Finance

April 19, 2026

About Us

For over 50 years, RAM Holdings’ brands have led the commercial finance industry in publishing, talent development, research and events. ABF Journal’s audience is comprised of as many as 18,000 specialty finance industry executives, private equity investors, investment bankers, advisors, service providers and more.

Our Brands

  • Secured Research
  • Equipment Finance Originator
  • Monitor
  • Monitor Suite
  • Converge
  • STRIPES Leadership

 

Learn More

  • Advertise
  • Magazine
  • Contact Us

Newsletter

Driving specialty finance forward for decades with insights, recognition and deals. Sign up now.

SUBSCRIBE >>

© 2025 RAM Group Holdings - A Leading Commercial Finance Publishing Group For Over 50 Years

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
    • People
    • Economy
    • All News
  • Deals
  • Features
  • Magazine
    • Magazine Issues
    • Nominations
  • Events
  • Advertise
  • Contact Us
Provider Directory >>

© 2025 RAM Group Holdings - A Leading Commercial Finance Publishing Group For Over 50 Years