Republic Business Credit’s Wszalek Selected as One of SFNet’s ‘40 Under 40’ Honorees
Diane Wszalek, controller of Republic Business Credit, was selected as one of Secured Finance Network’s “40 Under 40” honorees.
Diane Wszalek, controller of Republic Business Credit, was selected as one of Secured Finance Network’s “40 Under 40” honorees.
Republic Business Credit provided a $6.75 million factoring legered line of credit facility to a women and minority-owned government contractor. The facility also includes an accordion that can expand the total funding to $10 million.
Republic Business Credit provided a $5 million factoring facility to for a Midwest supplier of pipes, valves and oil transmission products and services.
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.
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.
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 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.
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.