Posted on June 8, 2020
When a West Coast privately owned apparel manufacturer sought funding for their 2020 summer orders, they choose Republic Business Credit to finance their supplier payments. Republic approved a flexible, scalable and growth orientated facility to supply large retailers with summer style fashion in anticipation of the reopening of stores. Republic provided credit protection on their receivables and concentration limits for approved customers giving the company the comfort to fulfil the purchase orders in the midst of difficult market conditions caused by Covid-19. The company CEO said, “We are excited about showcasing our summer fashion line in time for the reopening of retailers and wanted a factoring partner that could help us fulfil our initial purchase orders.” The Pandemic has caused postponements in order shipment dates and Republic will support the client in the event the current orders are delayed or postponed. Republic Business Credit provides manufacturers with the support to adapt or pivot as the needs of their customers evolve during the staggered reopening.
The company is a distributor of knitted and woven fabric into the apparel manufacturing community. The company typically finds itself selling into US apparel manufacturers across summer women casual fashion, ranging from skirts, jumpsuits, dresses and tops. The company finds its fabric being used across natural, relaxed and form-fitting California casual wear segment. The company is well-positioned for the post Covid-19 store re-openings as they had no debt entering the 2nd quarter of 2020. While the orders are scheduled to ship in June, the company wanted the confidence provided by Republic’s credit protection ensuring they would get paid for the goods no matter what happened over the summer.
Republic provided a $1.75m non-recourse factoring facility with credit protection and extended customer payment terms eligibility to a West coast based apparel importer. Republic’s funding will eliminate the cashflow gap from when their suppliers need to be paid and when they are paid 120 days later for the goods. The company is unsure what the fall season will bring, but it is confident they have a partner during all of the “return to work” stages. Republic’s COO, Matt Begley said, “We believe our factoring and lending products will be even more necessary as states reopen in 2020.” He further added, “we are excited to help all small businesses on the front supply lines of getting summer goods in stores and returning closer to normal lives.” Republic Business Credit provides factoring, asset-based lending and direct to consumer facilities up to $10,000,000 across the United States.
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.
Posted on August 15, 2019
New Orleans, LA – When a sponsor owned government contractor needed additional liquidity during the longest government shutdown in United States history, they set sail to partner with Republic Business Credit. When their traditional bank facility wouldn’t support their growth, one of their peer companies in the same sector who was one of Republic’s clients recommended Republic as a solution.
Due to the cyclical and large project nature of the shipyard repair business, they needed a flexible and covenant free solution that leveraged their government and commercial receivables. Additionally, the company sought a financing partner that understood the complexity of being a sponsored owned company combined with dealing with government assignment of claims procedures.
Republic provided a $6.0 ledgered line of credit combined with a $500,000 supplemental mobilization call facility that smoothed out any working capital gaps due to the processing of government paperwork or payments. Additionally, Republic provided a covenant free solution to help assist with any seasonal cashflow strains.
“Government shipyard contractors provide marine and defense skilled employment opportunities and build strong communities where they operate,” said Stewart Chesters, Chief Executive Officer of Republic. “As a commercial finance company that specializes in government contractors, we are excited to partner with businesses that support our national defense efforts.”
Republic Business Credit supports private equity sponsors and other capital partners across the United States to create value, implement turnaround plans and grow successful businesses.
Posted on August 15, 2019
New Orleans, LA – When a rapidly growing small business was declined by the Export-Import Bank of the United States, they leveraged Republic Business Credit’s export expertise to fund their cash flow. Republic was founded by Stewart Chesters, who emigrated from the United Kingdom in 2001. Republic funded the export receivables to the United Kingdom despite the ongoing uncertainty caused by the latest developments of Brexit. Republic will always aid entrepreneurs that form and create the world’s supply chains that current face challenges from Brexit and a changing tariff landscape.
The company was founded in 2018 by four advertising executives who previously worked for large multinational firms and saw a service gap being offered by larger marketing agencies. The company provides customized digital marketing, advertising, print and experiential solutions for its customers throughout the US and Europe. The company assumed with their backgrounds they would simply get a line of credit from their bank, however, they were declined due to the number of years in business and reliance on United Kingdom customers.
Republic provided a $750k Export Factoring Facility along with helping the company obtain a credit insurance policy that guaranteed the collectability of the receivables. The cashflow of the company struggled with the extended terms, which are becoming more normal by publicly traded and advertising communities. Republic provided the stability, support and growth capital needed to build their company while combating Net 90 day payment terms.
“As as a proud Brit, it is very rewarding when you can help support US companies to export back to my homeland,” said Stewart Chesters, Chief Executive Officer and founder of Republic. “We have several customers that either emigrated to the US or choose to expand their business by exporting goods or services to Europe. We partner with founders and entrepreneurs that want to expand their business without being saddled by the fear or uncertainty of customer location.”
Posted on August 15, 2019
New Orleans, LA – When a Texas-based temporary staffing company received two new contracts with large energy production companies, they sought a payroll funding expert to support their growth. Republic Business Credit collaborated with their regional bank to structure a factoring facility that focused on the new customers while enabling the bank to retain both the line of credit and treasury management services. Republic was selected by the bank and company over several other factoring companies because of its ability to move quickly and fund within a week.
The company was formed by European expatriates and oil field service veterans in the late 1990s. The company became a full-time job for the founders upon successfully landing two new customers, only to discover their bank line of credit imposed customer concentration limits. The founders were determined to find a solution that allowed them to retain their banking relationship and partner with a local growth capital facility. The company provides technicians, drivers, and general support staff to midstream energy companies.
Republic provided a $2.0 million Selective Factoring Facility combined with an unbilled advance structure to provide funding against their invoicing prior to formal customer approval. When companies are working in the oil field space, their employees are often miles away from their operation centers that prepare the billing. The time-lag of getting the paperwork processed and billed causes additional cash flow challenges. Republic provided the unbilled account receivable facility to help the company make payroll each week to bridge this time-lag.
“Companies working in the Permian Basin and Eagle Ford shale are challenged by unprecedented supply and demand issues due to the extreme growth in the region,” said Robert Meyers, President of Republic. “We have many customers in the oil field industry, so we are able to understand the rapid growth demands combined with the geographic challenges presented by lacking administrative infrastructure in the area. We partner with many of the downstream, midstream and upstream production firms to support their essential supply chains.”
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.
Posted on August 15, 2019
Houston, TX – Republic Business Credit partnered with a leading turnaround consulting firm to support a 28-year-old commercial printing company that was being managed by a bank special assets group. Republic agreed to an inter-creditor with the incumbent lender in order to help reduce the pressure of the heavy debt burden and provide growth capital for the company to take on new customers. Republic was brought in by the turnaround consulting firm because of its leading reputation within the Turnaround Management Association and its ability to support corporate renewal efforts.
The printing company needed a partner that understood the complexities of an evolving industry as they worked to balance the conversion from print into digital product offerings. The company suffered a set back after an unsuccessful acquisition erased their cash flow from operations during their transformation. They needed a funding partner that could quickly work with several third parties to implement their growth plan.
Republic provided a $2.5 million Ledgered Line of Credit combined with a $250,000 Purchase Order finance facility to support their immediate refinancing needs while also enabling payments to their key suppliers to purchase new raw materials. The business and consulting firm had confidence that Republic will support its longer-term business needs without unnecessary covenants.
“The printing industry is consolidating and transforming at a rapid pace with the introduction of many digital requirements,” said Robert Meyers, President of Republic and President of the Turnaround Management Association’s Midwest Chapter. “As a commercial finance company, we are well-positioned to partner with companies during their change management and corporate renewal initiatives. We have strong relationships with banks, advisors, and accountants that trust us to provide restorative capital options.”
Republic Business Credit supports banks, investment banks, private equity, accountants, lawyers and consultants across the United States to create value, strengthen relationships and provide value creation services to successful growing businesses.
Posted on March 29, 2019
Chicago, IL – Republic Business Credit leapt into the technology forward experiential marketing
realm by partnering with an award-winning millennial founder that has achieved tremendous success
partnering with Fortune 500 companies. The company combines creativity and excellence into a
unique experiential based design. Republic was referred in by a regional investment bank that sought
a technology savvy factoring partner for its client.
The creative marketing company was founded a few years ago with the mission of combining
their design talents with a new vision for their clients’ customer. The company transforms a traditional
marketing campaign into an unforgettable experience.
Republic provided a $3.0 million selective invoice factoring facility that supported their growing
working capital requirements. The company only factored their larger and slower paying customers
that are traditionally viewed as their best customers, but caused the business cash-flow challenges due
to the slower invoice payment terms. Republic was willing to extend eligibility to 120 days on several
customers to create availability and further help ramp their sales goals in 2019.
“Millennial owned entrepreneurs are demonstrating success outside of the typical Silicon Valley
darlings you read about in the Wall Street Journal,” says Robert Meyers, President of Republic. “As a
millennial owner that partnered up with a Gen X’er in Stewart Chesters, we are proud to support
businesses on the cutting edge of their respective industries regardless of the generational stigma
thrust upon them.”
Republic Business Credit supports banks, investment banks, private equity, accountants,
lawyers and consultants across the United States to create value, strengthen relationships and provide
complementary services to entrepreneurial businesses. Republic is proud to support entrepreneurs
across all ages, backgrounds and experience levels to realize their dreams.
Posted on February 11, 2019
CHICAGO (PRWEB) FEBRUARY 06, 2019
Republic Business Credit supported a second generation family manufacturing business to refinance away from a restrictive non-bank asset based lender that was unwilling to support the turnaround management efforts of the recently appointed CFO. The CFO reached out to Republic, as he previously had success with Republic’s ownership team with a relationship financing a third tier automotive supplier with a successful exit a few years back.
The manufacturing company was founded more than 50 years ago and provided irreplaceable jobs throughout the community. The company turned the corner while strategically positioning itself for growth in 2019. The company needed a funding partner that understood its immediate cash flow needs as well as the capability to offer equipment term loans and a seasonal overadvance component as new customers were onboarded.
Republic provided a $3.0 million Ledgered Line of Credit to support their immediate refinancing while also reducing their financing costs going forward. The business possesses the confidence that Republic will support their long term business needs without unnecessary covenants.
“Manufacturing and family owned businesses represent the backbone of America,” said Robert Meyers, President of Republic. “As a commercial finance company, we are excited to assist companies that represent the past and future of the Midwestern business community. We have strong relationships with banks, advisors and accountants, and they trust us to provide the correct growth capital facility.”
Republic Business Credit supports banks, investment banks, private equity, accountants, lawyers and consultants across the United States to create value, strengthen relationships and provide complementary services to successful growing businesses.
Posted on February 11, 2019
NEW ORLEANS (PRWEB) FEBRUARY 01, 2019
When a California based Investment Bank needed more than a factoring solution for its Ohio based technology enabled temporary staffing client, they tasked Republic Business Credit with paying off the commercial bank and supporting future payroll funding needs. Republic structured an expandable receivables funding facility along with an unbilled receivables line of credit to meet the company’s timing needs between payroll and invoicing.
The client’s extraordinary growth forecast required a scalable facility to assist with their weekly payroll obligations and continued investments in industry leading technology applications. Republic’s facility eliminated any short term cash-flow shortfalls while providing the small business owners comfort to achieve their dreams. Republic has deep ties into the staffing industry and can provide more than simple funding oriented solutions when necessary.
Republic Business Credit provided the medium-sized entrepreneurial company with a $3,000,000 receivables purchase line of credit and a $750,000 unbilled receivables line of credit, giving them the ability to continue onboarding new clients at a fervent pace.
“Rapidly growing companies require an all-encompassing solution to support their growth needs,” said Robert Meyers, President of Republic. “Republic is proud to partner with temporary staffing clients on the cutting edge of technology and customer service to provide them the toolbox for unlimited growth potential.”
Republic Business Credit partners with entrepreneurs across the United States, to create value, invest in technology and enable them to focus on growing successful businesses.
Posted on November 3, 2018
NEW ORLEANS (PRWEB) OCTOBER 30, 2018
When a consultant sought to free its Midwestern based client from an expensive financing solution, they tasked Republic Business Credit to provide the necessary payroll funding. Republic structured a larger, more affordable facility while simultaneously partnering with a full back office solutions provider to support the clients future growth plans.
The client’s high growth rate required a quickly scalable facility to maximize their borrowing ability in order to fulfill weekly payroll obligations and continued personnel investments. Republic’s facility eliminated any short term cash-flow fears while allowing the owners to focus their growth. Republic has deep ties into the staffing industry and can provide more than just funding oriented solutions when necessary.
Republic provided the minority owned entrepreneurial company with a $1,000,000 receivables purchase line of credit so they could comfortable secure additional customer contracts in 2019.
“Rapidly growing companies require a comprehensive solution to fuel their immediate growth needs,” said Robert Meyers, Chief Commercial Officer of Republic. “Republic is proud to provide a client focused solution that partnered with an industry leading back-office provider that will provide them with the tools for unlimited growth.”
Republic Business Credit partners with entrepreneurs across the United States, to create value, and enable them to focus on growing successful businesses.
Posted on October 29, 2018
NEW ORLEANS (PRWEB) OCTOBER 26, 2018
When a New York based investment bank referred over a recently closed buy-side engagement, Republic Business Credit provided a non recourse facility to help the company realize its quadrupling revenue growth strategy over the next 12 months. The client sought its first debt facility from a partner that knew the apparel industry, its current landscape and who would enable the business to lean into its likely success being a wholly “Made-In-USA” manufacturer.
The client is a men’s apparel manufacturer that provides wholesale and private labeling to both large and independent retailers throughout the US. The Non-Recourse credit protection was important to the client as the daily trends in the retail industry can cause additional concerns for manufacturers with long lead times. The client needed to leverage their outstanding purchase orders and inventory to help fulfill the backlog in 2018 and 2019. Republic met this need by providing a flexible seasonal overadvance on their confirmed orders to help keep pace with their demand. The client is a long-tenured brand that was recently acquired in the Mid-South region to compete with the traditional East & West Coast providers.
Republic provided a $3.0 million non recourse factoring facility and alongside a $400,000 inventory facility to support their growth forecast. Republic will also provide a seasonal overadvance against their backlog and confirmed purchase orders in the late-winter to prepare for spring shipments.
“We are proud to support US based manufacturing companies that provide an excellent product into major and independent retailers,” said Robert Meyers, President of Republic. “As a commercial finance company, we are excited to assist companies that support jobs in the southern region. We have strong relationships in the manufacturing and apparel arena, and our partners trust us to provide the correct growth capital facility for their clients.”
Republic Business Credit partners with investment banks across the United States to create value, strengthen relationships and provide complementary services to successful growing businesses.
Posted on October 24, 2018
NEW ORLEANS (PRWEB) OCTOBER 24, 2018
When a Gulf Coast community bank referred over an underperforming line of credit, Republic Business Credit replaced their facility while partnering with the bank to retain the treasury management services. The client sought new recovery capital and a partner that knew the cyclical nature of its industry.
The client is a diversified heavy industrial contractor providing manufacturing, field services and industrial specialties to the petrochemical industry. The client needed more leverage on their receivables than the bank could provide to support significant upfront mobilization costs for each new project. Republic provided a flexible, covenant free solution to accommodate their growing business. The client is filling new customer orders as the Gulf Coast region works through a shortage of industrial contractors in several areas of the energy sector.
Republic provided a $5 million Ledgered Line of Credit to support their immediate refinancing and reduce their administrative burden going forward. The business possesses the confidence that Republic will support their longer term business needs without the covenants and structure that banks require.
“Energy production and their derivative petrochemical products are the lifeblood of our manufacturing industry in America,” said Stewart Chesters, CEO of Republic. “As a commercial finance company, we are excited to assist companies that support the the Gulf Coast business community. We have strong relationships with local bankers and other centers of influence, and they trust us to provide the correct growth capital facility.”
Republic Business Credit supports banks across the United States to create value, strengthen relationships and provide complementary services to successful growing businesses.
Link to PR Web Release
Posted on May 14, 2018
Republic provides flexible growth capital matched with industry expertise to support rapidly growing west coast business.
NEW ORLEANS (PRWEB) MAY 08, 2018 – When an international factoring company was unable to keep up with their clients ongoing growth projections, Republic Business Credit replaced their higher cost facility with a ledgered receivables line of credit. The consumer goods manufacturer sought a flexible growth capital partner that understood the retail landscape and would be able to provide ample dry powder for future facility increases.
The client provides innovative products in the rapidly growing home automation category across a variety of distribution channels. The client chose a strategic partner in Republic to extend support as they strive to provide an omni-channel retail experience. Republic paired a better cost structure, eligibility on extended terms to qualified creditworthy retailers and creative funding solution for sales to online vendors. The extended terms allow the client to obtain better gross profit margins without having to worry about funding needs.
Republic Business Credit provided a scalable $5 million receivables purchase line of credit with a flexible structure customized for their retail growth strategy. The business sought a long-term partner in Republic that will support their aggressive growth goals following their bullish outlook arising from the recent tax reform.
“It is exciting to support manufacturing companies as they continue to increase their essential contribution to our countries economy,” said Robert Meyers, President of Republic. “As a commercial finance company, we are passionate about supporting growth focused companies that provide new choices to consumers. We have strong relationships with industry experts in the retail sector, and they trust us to provide the right solution for their clients.”
Republic Business Credit supports accountants, lawyers, investments bankers and other centers of influence across the United States. Helping them to create value, strengthen relationships and support successful growing businesses.
