Posted on September 7, 2022
New Orleans, LA – Republic Business Credit is proud to announce that Mary Carrillo has joined as Vice President, Customer Credit Manager, in its Los Angeles office. Mary brings significant industry expertise to Republic’s ambitious growth plans. Leading the customer credit department and its critical role in assessing customer credit risk across the business with a specific focus on apparel, textile, consumer packaged goods, furniture, and fashion industries, Mary will report directly to Republic’s Chief Operating Officer and Board Member, Matthew Begley.
“Several members of the team in our Los Angeles office have known Mary for many years, and we are all thrilled to have such a proven executive on the team,” Begley said.
Mary will be influential across the entire business, representing another key addition to Republic’s commitment to the apparel and consumer packaged goods industries following its acquisition of Continental Business Credit in 2019.
Republic provides traditional factoring, asset-based lending, ledgered lines of credit, and direct-to-consumer working capital solutions to high-growth, transition, recoverable distressed, and early-stage companies.
Prior to Mary joining Republic in January, she spent more than 20 years working in the factoring and asset-based lending industry. Her dynamic career started as a collector and progressed through all operational aspects of commercial finance, including credit, and client management. She served as team leader for a factoring company with offices on both coasts and was directly responsible for all lending decisions of her portfolio.
“It is amazing to rejoin so many colleagues, meet new ones, and continue building upon their incredible success at Republic. I feel very fortunate to be joining a growing, diverse and exciting business,” Mary said. “Republic is one of the few national commercial finance platforms with an operational presence in California, and it is great to work with people I have known my entire career. I can’t wait to work with all of the brands and entrepreneurs we support together.”
Republic is committed to helping entrepreneurs and private equity sponsors throughout the country. Republic supports clients in more than 30 states across its diverse geographic footprint.
“We are excited that Mary is joining us as a proven leader in the customer credit and client service area,” said Stewart Chesters, CEO and managing member of Republic Business Credit.
Republic Business Credit partners with banks, accountants, private equity sponsors, independent sponsors, lawyers, and investment banks to collaboratively support entrepreneurs across the United States, to create value, by enabling them to focus on growing successful businesses.
Posted on July 11, 2022
New Orleans, LA – Republic Business Credit is proud to announce that Brian Daray has joined the company as Senior Vice President, Underwriting Manager, at its headquarters in New Orleans.
Brian adds tremendous value to Republic’s ambitious growth plans as he leads the company’s seasoned underwriting team across the United States. Brian’s responsibilities include underwriting, structuring, and managing the successful funding of new clients while supporting Republic’s growing suite of products across its national commercial finance platform.
“It is amazing to see what this company has already accomplished across its product lines. I feel very lucky to join a growing and thriving business that aspires to double its size over the next three to five years,” Brian said. “Republic is one of a few Gulf region-based national commercial finance platforms, and it is great to work with such a dynamic, curious and growth-orientated team. I can’t wait to see what we achieve together.”
Republic provides asset-based lending, ledgered lines of credit, traditional factoring and direct to consumer solutions to both entrepreneurial and private equity-owned companies across the many growth sectors.
Prior to joining Republic, Brian spent more than 15 years working in the ABL, factoring, lender finance and specialty lending areas and was a leader in the underwriting department for a national bank-owned commercial finance company. Prior to serving as underwriter, Brian spent nearly 10 years with Capital One Bank as a Senior Field Examiner in the lender finance group. Brian graduated from University of New Orleans and is a proud resident of New Orleans.
Brian reports to Robert Meyers, Republic’s President and one of its two Managing Members.
Republic is committed to helping entrepreneurs and private equity sponsors throughout the country. Republic supports clients in more than 30 states across its diverse geographic footprint.
“We are excited that Brian has joined us as a proven leader in underwriting and client onboarding,” said Stewart Chesters, CEO and Managing Member of Republic Business Credit. “We are committed to being a New Orleans-headquartered business with additional offices in Los Angeles, Chicago and Houston, and we have plans to hire within those markets as we continue to grow.”
Republic Business Credit partners with banks, accountants, private equity sponsors, independent sponsors, lawyers and investment banks to collaboratively support entrepreneurs and their value propositions across the United States, enabling them to focus on growing successful businesses.
Posted on March 29, 2021
Republic Provides Direct to Consumer Asset Based Loan to Paul Fredrick
NEW ORLEANS (PRWEB) JANUARY 28, 2021
When a portfolio company of ClearLight Partners, Paul Fredrick, sought to refinance its existing bank facility, they partnered with Republic Business Credit. Republic provided a scalable, flexible, and growth orientated facility with full availability on inventory, merchant accounts, and direct to consumer proceeds to leverage Paul Fredrick’s e-commerce strategy.
Paul Fredrick welcomed the opportunity to borrow on the full value of their inventory without a sub-limit or cap in relation to their accounts receivable that a traditional asset-based loan would include. The private equity fund shared with Republic, “We needed a strategic partner that understood Paul Fredrick’s e-commerce and D2C strategy and trusted the team’s experience in the sector.”
Paul Fredrick is a leading designer and retailer of men’s apparel and related accessories. The company was originally founded in 1986 as a seller of dress shirts and has evolved over the years to offer a full assortment of dress and casual menswear. Paul Frederick is headquartered in Baltimore, MD. In December of 2017, Neal Black led a team of former Jos. A. Bank executives in partnering with ClearLight Partners to acquire Paul Fredrick. Paul Fredrick has weathered the COVID storm very well given their direct to consumer strategy and wanted to partner with an entrepreneurial finance company that would support their significant growth aspirations over the coming years.
Neal Black, Paul Fredrick’s CEO said, “Republic stepped up to provide the right facility to support our continued growth, allowing us to fully leverage our inventory to keep up with our 2021 growth projections.” Neal added, “While banks typically have a standard formula, Republic really took the time to understand what would enable our business to be successful for the long term. Hats off to the management, underwriting and credit teams for leaning into our business.”
David Ullman, COO/CFO of Paul Fredrick who helped structure the financing said, “We are building a great company at Paul Fredrick and Republic’s support combined with our capital partners has positioned our brand for dynamic future growth.”
Republic provided a direct to consumer inventory loan facility that provides significant availability on Paul Fredrick’s inventory, accounts receivables, merchant accounts and e-commerce related proceeds. Republic’s funding refinanced Paul Fredrick’s existing bank facility while providing ample liquidity for future growth. The company believes the market will continue to remain unpredictable but are excited about how well they have performed in 2020.
“We enjoy partnering with great founders and strong equity partners that see value in non-dilutive debt financing,” said Robert Meyers, President of RBC.
Republic’s COO, Matthew Begley further added, “We have built our platform to help support companies that need a mix of scalable growth-orientated solutions across our asset-based lending, direct to consumer and factoring products.”
Republic Business Credit was referred into this opportunity by Mike Toomey of Danu Capital, and Mike commented, “I have worked with Matt for many years, and his team at Republic Business Credit delivered on their promises of speed and availability.” Mike further added, “We explored several debt options for Paul Fredrick, but the Republic team wanted to work with this brand, and their structure was a perfect fit for the company’s growth.”
Republic partners with banks, accountants, sponsors, lawyers and investment banks to collaboratively support entrepreneurs across the United States, to create value, by enabling them to focus on growing successful businesses.
Posted on March 29, 2021
Republic Business Credit refinances a Midwestern automotive and industrial supplier to facilitate future acquisitions
NEW ORLEANS (PRWEB) NOVEMBER 19, 2020
When a Midwest-based privately owned plastics manufacturer needed more working capital than their bank could provide, they hitched their wagon to Republic Business Credit. Despite many years of profitability, the company wanted to expand their access to working capital to help keep up with demand in the industrial and appliance industries. In addition to their expected organic growth, they sought a scalable and growth-orientated facility to place bids on a few potential acquisition targets. The company was seeking to partner with a senior lender that understood the opportunities and risks inherent in its business.
The company is a plastic parts manufacturing company that services large and medium-sized companies across the automotive, appliance, energy and industrial industries throughout the US. The company specializes in custom plastic manufacturing, typically in the long run basis, as you would see in the automotive sector. Additionally, they have recently undertaken a few short manufacturing runs in the Personal Protective Equipment (“PPE”) supply sector. The company needed to refinance its existing bank line of credit to support their growth and potential acquisition plans. The company President said, “We needed a finance source that could react quickly, decisively, consistently and in unison, as we explore several growth options during an uncertain economic period,” and he further added, “We know that Republic will partner with us to evaluable the acquisition opportunities and support our manufacturing company.”
Republic Business Credit provided a $3,750,000 ledgered line of credit facility secured by accounts receivables and inventory that injected significant acquisition and growth working capital into its war chest. Republic was introduced to the opportunity from an investment bank that was advising the company on a strategic basis to raise debt and potentially equity in the future. Republic’s President, Robert Meyers, said, “We are well-positioned to support manufacturing companies that are looking to leverage their balance sheet for growth,” he further added about the company, “Our team worked with the Company to structure a growth-orientated facility that provided sufficient liquidity to enable the management team to focus on the future.” Republic will either increase the line of credit or provide an additional add-on facility to help with the upcoming acquisition strategy.
Republic Business Credit partners with banks, accountants, sponsors, lawyers and investment banks to collaboratively support entrepreneurs across the United States, to create value, by enabling them to focus on growing successful businesses. Republic’s CEO, Stewart Chesters added, “We believe our suite of lending products will be even more necessary as states reopen. We look forward to being a significant part of helping small and medium sized businesses across many sectors and with the ambitions of our new manufacturing client.” Republic Business Credit provides factoring, asset-based lending and direct to consumer facilities up to $10,000,000 across the United States.
Posted on March 29, 2021
Republic Business Credit supports a California based apparel manufacturer with a traditional factoring facility to prepare for the holiday season
LOS ANGELES (PRWEB) NOVEMBER 18, 2020
When a Los Angeles apparel manufacturing and import company sought funding for their 2020 Holiday season orders, they chose Republic Business Credit to accelerate their growth. Republic approved a traditional factoring facility to fund their confirmed orders for the Holiday season, including an additional shipment of Personal Protective Equipment (“PPE”) in the late summer. Republic fully approved the customer limits necessary to enable the company to fulfil the large purchase orders and the add online for PPE products in the midst of Covid-19. The Apparel company CEO said, “We are excited about showcasing our winter fashion line and excited to have a factoring partner that supported our expansion into gloves.”
The company is a distributor of footwear for men and women that recently expanded into fashionable gloves and some disposable gloves for PPE. The brand is focused primarily on manufacturing in the USA for its branded products, and then sources its PPE from overseas. The company believes their products will provide both warmth and some peace of mind from the pandemic this winter. While the PPE gloves are being sold into major home goods stores, their branded lines will be available most major retailers. The company is positioning its brand to continue to support PPE during the pandemic while focusing on investing and expanding their brand for the post-Covid-19 world. The company sought a partnership with an entrepreneurial finance company with deep fashion brand and apparel industry experience.
Republic Business Credit provided a $2.5m traditional factoring facility with credit protection, with a $750,000 inventory sub-limit to help support their goods in transit into Los Angeles. Republic’s funding will empower the entrepreneurs to grow their branded products and supplement their revenue with PPE gloves. The company is unsure what Spring 2021 will likely bring, but it is confident they have a partner during all of the “return to normal” stages. Republic’s COO, Matt Begley said, “We believe our factoring and asset-based lending products partner very well with growing brands during this uncertain time.” He further added, “We are thrilled to support great brands across the clothing, footwear and accessory categories.”
Republic Business Credit provides factoring, asset-based lending and direct to consumer facilities up to $10,000,000 across the United States. Republic partners with banks, accountants, sponsors, lawyers and investment banks to collaboratively support entrepreneurs across the United States, to create value, by enabling them to focus on growing successful businesses.
Posted on March 29, 2021
Republic Business Credit funds a West Coast Digital Printer with a facility to help provide ongoing and seasonal working capital requirements.
LOS ANGELES (PRWEB) OCTOBER 01, 2020
When a Californian privately owned digital print and marketing solutions company sought funding for their future business plans, they partnered with Republic Business Credit. The company brought on Republic as their first senior debt provider to better leverage the invested capital from the founders. Republic approved a flexible, scalable and growth-orientated working capital facility to exceed its goals amidst the market conditions caused by Covid-19. The company was seeking to partner with a senior lender that understood the opportunities and risks inherent in its business.
The company is a digital print and marketing solutions company that supports large and medium-sized companies throughout the US. The company specializes in providing print-on-demand, short-run publications, commercial printing, packaging, large format signage, direct mail, fulfilment, and self-publishing solutions with locations in the West and Rocky Mountain regions. The company wanted to bring on a senior debtor provider to ensure they could support the surge in purchase orders combined with supporting the inevitable supply chain and working capital issues that precede growth. The company CFO said, “We wanted to find a senior debt partner during the pandemic so that we had the comfort they would support us over the next few years no matter what the economy may bring,” and she further added, “We know that Republic can help us through the least certain times and that will better prepare our business to seek new revenue and product opportunities.”
Republic Business Credit provided a $2.0 million ledgered line of credit facility that injected significant new cash into the company from its available assets. Republic was introduced to the opportunity from the regional bank that was unable to underwrite the credit during the current pandemic. Republic’s EVP, Jason Carmona, said, “We are well-positioned to help companies across the balance sheet through both asset-based lending and factoring,” he further added about the company, “Our team worked with the Company to structure a creative and flexible facility that provided liquidity so the management team could focus on growth.” Republic will likely add on an equipment term loan facility in 2021 as the company views significant growth on the horizon.
Republic Business Credit partners with banks, accountants, sponsors, lawyers and investment banks to collaboratively support entrepreneurs across the United States, to create value, by enabling them to focus on growing successful businesses. Republic’s CEO, Stewart Chesters added, “We believe our suite of lending products will be even more necessary as states reopen. We look forward to being a significant part of helping small and medium-sized businesses with the ambitions of our new Printing client.” Republic Business Credit provides factoring, asset-based lending and direct to consumer facilities up to $10,000,000 across the United States.
Posted on August 15, 2019
New Orleans, LA – Republic Business Credit is proud to announce that Andrea Marus has been promoted to Vice President of Business Development in its new Nashville Office. According to a recent Forbes article, Nashville located in Davidson County, is the 7th fastest growing metro area in the United States. Andrea grew up in Tennessee before attending the College of Charleston. Republic strongly believes Nashville is a fantastic opportunity for growth in a market that is underserved by the non-bank commercial finance community. This marks Republic’s sixth established market presence and its second new market in the past 12 months. Andrea is already a member of the Tennessee Chapter of the Turnaround Management Association, Mid-South Commercial Financial Association and will be joining the Tennessee Chapter of the Association for Corporate Growth.
Andrea joined Republic in 2016 as AVP, Underwriter in its New Orleans Headquartered office. Prior to joining Republic, Andrea spent nearly 3 years and completed the Financial Analyst training program for Wells Fargo Commercial Bank. She always wanted to expand her career into the business development side and will bring a great deal of credit and underwriting experience to support intermediaries and clients throughout the Mid-South region. Her office will be at One Nashville Place, 150 4th Ave N in downtown Nashville. Republic hopes to appoint a junior business development officer in the future to support Andrea so she can keep up with the growing demand for non-bank lending solutions in the Greater Tennessee area.
“We have been fortunate to watch Andrea excel as an underwriter in our New Orleans office and we are thrilled she accepted the challenge to continue building our national sales platform with her promotion this summer into the rapidly growing Nashville market,” said Stewart Chesters, CEO of Republic Business Credit.
Republic is committed to helping entrepreneurs throughout the country with the bulk of its presence in the Midwest, Upper Midwest, Gulf Region and now Mid-South & Southeast regions. Tennessee and its surrounding states are often thought of as flyovers by people in the Northeast, where Republic is doubling down on its support of founders between the two coasts with its launch into Nashville to complement its presence in Minneapolis, Chicago, Houston and New Orleans offices that service clients in over 35 states.
Posted on August 15, 2019
Chicago, IL – When a temporary staffing and consulting firm began to outgrow their existing line of credit, they sought out Republic Business Credit to provide a larger facility and a higher advance rate to keep up with their escalating payroll needs. Republic partnered with the community bank to provide a flexible receivable facility while the referring bank was able to maintain all of the treasury management services. The bank wanted to keep a strong relationship with the client and looked to take over the facility within the coming year. Republic provided a creative and scalable structure to achieve the customer-centric approach of the bank.
The company provides light industrial staffing solutions for manufacturing companies located in automotive, oil field service and logistics industries providing their diverse customers with maintenance, repair and emergency work services. High growth rates and customers requiring extended payment terms meant that the company quickly outgrew their existing lending facility. To enable the company to continue to take advantage of growth opportunities Republic provided a bridge growth facility.
Republic provided a $4.5 million Receivables Purchase Line of Credit facility without any covenants or cash flow requirements. Republic’s initial funding was able to provide the company with the ability to fully repay the bank facility and have over $1 million in additional working capital. In a short few months since commencing their facility with Republic, the company is on pace to double their revenue in the second half of the year compared to the previous year. Their CEO attributes it to Republic, “As a result of our increased confidence meet our growing payroll demands, we are able to take care of our employees while growing our business.”
“Temporary Staffing companies are the lifeblood of the small businesses located throughout America. Republic is proud to support minority-owned and female-owned entrepreneurs,” said Stewart Chesters, CEO of Republic. “We have several customers that support the supply chains of the automotive, energy and transportation industries.” According to the Small Business Administration of the U.S. government, small businesses make up 99.7% of the US employer firms. Republic designed its team and products to support smaller and medium-sized companies.
Posted on February 11, 2019
CHICAGO (PRWEB) FEBRUARY 04, 2019
Republic Business Credit is proud to confirm that Robert Meyers will act as the 2019 President of the Chicago/Midwest Chapter of the Turnaround Management Association as it enters its 28th year.
The Chicago/Midwest Chapter of The Turnaround Management Association is one of the largest, fastest-growing chapters of the only international nonprofit association dedicated to corporate renewal and turnaround management.
“It has been a terrific experience working with our leaders to produce high-quality networking and educational events for our members throughout 2018,” says Nick Miller of Neal Gerber & Eisenberg LLP, the immediate past president. “Our chapter continues to be one of the largest and most successful because its members and leaders include the most talented and dedicated professionals within the restructuring and financial community. I look forward to Rob’s leadership and continued success for the chapter in 2019.”
For 2019, more than 65 volunteer leaders, including officers, directors and committee chairs and members, will comprise the Chicago/Midwest Leadership team, ensuring the continued provision of dynamic programming and networking opportunities.
“We have always seen the TMA Chapter in Chicago as a dynamic business partner and are proud that we are represented at this level by Rob,” says Stewart Chesters, Republic’s CEO. “We know he will play an active part in the Chapters theme for the year ‘Disrupt and Engage’!”
Posted on November 3, 2018
NEW ORLEANS (PRWEB) NOVEMBER 01, 2018
Republic Business Credit announced today it hired Joseph Zupo as Underwriting Manager in its New Orleans office. This appointment adds significant experience, depth and knowledge in Asset Based Lending as the company continues to expands its national footprint to provide dynamic working capital solutions throughout the U.S.
Republic Business Credit provides Factoring and Asset Based Lending to companies that are experiencing high-growth or recoverable distress. The New Orleans-headquartered finance company has recently expanded its presence in the Midwest and Southern regions with key, high-level staff appointments. Relocating to New Orleans, Joseph will focus on coaching, mentoring and leading our underwriting team. Joseph will support Robert Meyers, its President, as the origination team seek companies throughout the country with funding needs up to $10,000,000 across their receivables, purchase orders, inventory and equipment.
“Joseph is a proven performer in the Asset Based Lending and Factoring industries in both the Bank and Non-Bank market,” said Robert Meyers, President, Republic Business Credit. “Joseph will combine his experience and deal doing attitude to help us fund more clients that previously possible.” Joseph previously worked for Presidential Financial, CIT Commercial Finance and Bank of America Business Capital is underwriting, credit, risk and portfolio management roles. Joseph is a member of the Turnaround Management Association, Commercial Finance Association and former board member of the Risk Management Association.
“Joseph has a strong background providing creative and flexible solutions to the ever increasingly complex transactions we finance,” said Stewart Chesters, Chief Executive Officer, Republic Business Credit. “With his determination, experience and deal-funding attitude he will bring tremendous value to our partnership and existing relationships. He is a safe pair of hands.”
Republic Business Credit supports accountants, lawyers, investments bankers and other centers of influence across the United States to create value, strengthen relationships and support successful growing entrepreneurial businesses.
Posted on November 2, 2016
As a further investment in its substantial Midwestern presence, Republic Business Credit hires Chicago-based Harris, a highly experienced commercial finance professional. (more…)
Posted on May 11, 2016
Fueled by the appointment of Robert Meyers as Managing Member and growth capital from a Single Family Office, Republic plans to continue expanding its national presence. (more…)
