Republic Business Credit provided a $5 million ledgered line of credit facility with a $500,000 purchase order call facility to a Gulf Coast region-based food service company.
Republic Business Credit provided a $2.75 million ledgered line of credit for a West Coast natural food manufacturing company. Republic approved a scalable and non-dilutive growth orientated facility that provided availability on their account receivables.
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 Credit expanded its business finance platform with the acquisitions of Continental Business Credit and Fast A/R Funding.
Republic Business Credit provided a $6 million ledgered line of credit and a $500,000 supplemental mobilization call facility to a West Coast-based, private equity-owned government contractor
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 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 hired Heather Rachel as vice president, Business Development in Minneapolis, expanding the company’s Midwestern presence.
Republic Business Credit promoted William Kemp to vice president of Business Development. Kemp relocated to the Houston office as part of his new role.
Republic Business Credit provided a $2.5 million facility to a Houston-based food processor. The business needed financing on a broad asset base to support its comprehensive growth plans.