Republic Business Credit Archives

Republic Business Credit Provides $6.5MM ABL to Food Manufacturing Company

Republic Business Credit extended a $6.5 million asset-based loan to a Gulf Cost-based, second-generation food manufacturing company that needed more support during seasonal growth periods.

March 28, 2023 Leigh Guglielmo | Republic Business Credit | Robert Meyers | Stewart Chesters Markiesha Thompson

California Disclosure Laws Cause 40% of Lenders to Avoid Smaller Deals

According to the Secured Finance Network, since new California disclosure rules were implemented in December 2022, 40% of respondents were found to be “no longer lending” to prospective borrowers who fall within the regulations’ threshold of less than $500,000.

Republic Business Credit Adds Morgan as Vice President and Legal Manager

Republic Business Credit added Christy Morgan to the team as vice president and legal manager, reporting directly to CEO Stewart Chesters. In the new role, Morgan will oversee all legal materials for onboarding clients and work on amendments for existing clients.

March 17, 2023 Christy Morgan | Republic Business Credit | Stewart Chesters Ian Koplin

Republic Business Credit Provides $1.5MM to Women’s Apparel Company

Republic Business Credit provided a distributor of women’s apparel with a $1.5 million traditional factoring facility with credit protection and extended customer payment terms.

March 17, 2023 Republic Business Credit | Robert Meyers Ian Koplin

Renasant Bank Acquires Republic Business Credit

Renasant Corporation and its wholly-owned subsidiary, Renasant Bank, acquired Republic Business Credit in an all-cash transaction. RBC is a commercial finance company with average earning assets in excess of $100 million.

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

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.

July 28, 2022 Fast AR Funding | Republic Business Credit | Stewart Chesters | William Kemp Ian Koplin

Republic Business Credit Provides $4.5MM Line of Credit to Outdoor Products Company

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.

July 26, 2022 Republic Business Credit | Robert Meyers | Stewart Chesters Ian Koplin

Republic Business Credit Provides $5MM ABL to Confectionary Manufacturer

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.

July 25, 2022 Jason Carmona | Republic Business Credit | Robert Meyers Ian Koplin

Carrillo Joins Republic Business Credit as Vice President, Customer Credit Manager

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.

July 18, 2022 Mary Carrillo | Matthew Begley | Republic Business Credit | Stewart Chesters Ian Koplin

Republic Business Credit Provides $3.5MM ABL Facility to Oil Field Services Company

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.

July 14, 2022 Republic Business Credit | Robert Meyers | Stewart Chesters Ian Koplin

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