Republic Business Credit provided $400,000 in accounts receivable funding to a company providing temporary and permanent employees to hospitals and medical centers located throughout the Southwest.
Republic Business Credit provided a $4.5 million ledgered line of credit facility secured by accounts receivables, inventory and equipment to a Midwest-based manufacturer of outdoor products.
Republic Business Credit provided a $5 million direct-to-consumer asset-based loan to a national confectionary manufacturer that goes to market through an omnichannel approach.
Mary Carrillo has joined Republic Business Credit as vice president, customer credit manager, in its Los Angeles office. Carrillo brings significant industry expertise to Republic’s ambitious growth plans.
Republic Business Credit provided a $3.5 million asset-based loan facility secured by accounts receivables, inventory and equipment that refinanced the oil field services company’s incumbent bank lender while providing significantly more borrowing base liquidity at closing.
Through its Fast AR Funding platform, Republic Business Credit provided a $500,000 selective factoring facility in less than a week to help a multinational staffing and consulting company meet demand in the United States.
Republic Business Credit provided a $1.25 million scalable, traditional factoring facility to support the novel wristwatch company’s expected growth, fulfill initial orders and provide a cushion for summer demand.
Republic Business Credit provided a $1.25 million traditional factoring facility with credit protection and extended customer payment terms to a Los Angeles-based consumer packaged goods distributor that distributes watches and other accessories.
Brian Daray joined Republic Business Credit as senior vice president and underwriting manager at its headquarters in New Orleans. Daray will lead the company’s underwriting team across the United States.
Republic Business Credit provided an $8 million direct-to-consumer inventory loan facility to Spiraledge, a California-based internet retailer and software company.