Republic Business Credit provided a $3.65 million ledgered line of credit with extended customer eligibility up to 120 days, a $750,000 unbilled receivables facility and a $350,000 equipment term loan secured by equipment and real estate to a service provider to wireless carriers.
Republic Business partnered with a broker in the apparel community to provide a $750,000 non-recourse factoring facility for an apparel manufacturing company.
Republic Business Credit partnered with a West Coast private equity group to provide a $4.5 million asset-based loan with an accordion of up to $7 million to support a food manufacturer.
Republic Business Credit partnered with an award-winning millennial founder, whose creative marketing company has achieved tremendous success partnering with Fortune 500 companies.
Robert Meyers of Republic Business Credit will act as the 2019 President of the Chicago/Midwest Chapter of the Turnaround Management Association as it enters its 28th year.
Republic Business Credit provided a technology enabled temporary staffing company with a $3 million receivables purchase line of credit and a $750,000 unbilled receivables line of credit.
Republic Business Credit hired Joseph Zupo as an underwriting manager in its New Orleans office, adding significant experience, depth and knowledge to the firm’s asset based lending business.
Republic Business Credit provided a $1 million receivables purchase line of credit to a minority-owned entrepreneurial staffing firm. The company will use the funds to secure additional customer contracts in 2019.
Republic Business Credit provided a $3 million factoring facility alongside a $400,000 inventory facility to U.S.-based men’s apparel manufacturer.