Posted on April 30, 2025
Republic Business Credit Funds $500,000 Factoring Facility for Temporary Staffing Firm
Funding marks Republic’s seventh new temporary staffing client this year, alone.
NEW ORLEANS – Republic Business Credit has expanded its support of the temporary staffing industry nationwide with the addition of a new client, a Northeast-based IT temporary staffing firm. The founders brought decades of experience to the launch of the firm, their first entrepreneurial journey.
Once it began working with Republic, the company immediately began onboarding new clients during the underwriting process with confidence that it had the right partner to support its payroll funding needs.
The company was referred to Republic by a former client, marking a strong endorsement of how Republic supports growing companies in the temporary staffing industry. The company selected Republic due to its industry expertise, flexible financing and unwavering commitment to a successful partnership. “It felt like we had a true partner who understood our goals and had the tools to help us achieve them,” said the firm’s founder.
“Knowing the temporary staffing industry as well as we do, we were able to craft a proposal that made sense for the company’s operational needs,” said William Kemp, SVP Business Development at Republic. “We took the financial burden off of the executives, allowing them to focus on growing their business.”
Republic structured a $500,000 factoring facility with a 90% advance rate on its accounts receivables. This facility will provide necessary weekly payroll funding while allowing the firm the flexibility to offer extended payment terms to its most reliable customers.
“Empowering companies to achieve their growth potential is core to our mission,” stated Robert Meyers, President of Republic. “We look forward to a long and successful journey together.”
Posted on April 8, 2025
NEW ORLEANS – When a growing, women-owned natural beauty and cosmetics manufacturer wanted to accelerate its growth, it partnered with Republic Business Credit to reach its strategic goals. Republic provided a $2,500,000 factoring facility that refinanced its incumbent lender’s loan while providing more than $1,000,000 in additional liquidity from the manufacturer’s working capital.
The founder expressed her satisfaction, stating, “Since our inception in 2003, our business has experienced consistent growth, we sought a lender with a deep understanding and appreciation of our story to help us capitalize on that growth.” She added, “Republic provided an innovative and unique approach to financing, addressing our short-term growth needs while charting the path forward for a successful long-term partnership.”
The company provides sustainable, organic and natural creams, moisturizers and lotions that are good for consumers and the environment. The company secured deals with two large retailers following Expo West and needed to accelerate its cashflow on the Net 60 and Net 90-day terms.
Republic structured an AR facility with an 87.5% advance rate on its accounts receivables without any restrictive concentrations or extended term limitations. Republic recognized the manufacturer’s expanding e-commerce division and the potential to add future inventory financing to support its seasonal importing demands.
“This transaction exemplifies a collaborative effort to set a client up for success,” said Leigh Guglielmo, SVP Business Development Officer at Republic. “By working closely with the incumbent lender and the client, our talented team delivered a comprehensive solution that maximized funding while providing a significant future runway for growth.”
“We understand the importance of providing diverse financing options to founders,” said Robert Meyers, President of Republic. “Our mission is to serve as a true growth partner, empowering our clients to achieve their strategic goals. We are excited to be part of this client’s story and look forward to supporting its continued success.”
Posted on April 1, 2025
CHICAGO – A leading global manufacturer of child, toddler and infant safety products secured its first senior lending facility in the U.S. with an initial $10,000,000 factoring facility funded by Republic Business Credit.
Republic was introduced by a strategy consultant in the Midwest who represents the portfolio company of a middle market private equity firm seeking to accelerate its growth in the U.S. retail market.
The company and private equity sponsor chose a factoring facility instead of an Asset-Based Loan for more flexibility given their view of the current economic retail landscape. The CFO of the company added, “Republic’s ability to structure a flexible factoring facility with the option to add a future Asset-Based loan was incredibly attractive as we focus on our growth.”
The company turned to Republic, which navigated its complex international operations and structured an agreement that enables the manufacturer to effectively manage its finances and focus on profitable growth.
“This company possessed all the essential elements for success, but the current retail outlook is less certain in the face of tariffs and consumer demand at the moment,” said Eric Dorner, VP Business Development for Republic. “We are confident that, by prioritizing flexibility, we will empower the company to achieve its full potential.”
Company executives echoed this sentiment, stating, “Success is built on strong partnerships, and Republic has proven to be the ideal partner for our needs.”
The brand has built trust within the industry, manufacturing items related to child safety, including strollers, blankets, sleepwear, containers and other various accessories. It sells its products across 14 different countries and is one of the largest children’s product manufacturers in the world.
“Our partnership approach to consumer brands provides the tools for success no matter the financial or economic landscape,” stated Robert Meyers, President of Republic. “We are guided by our values and remain resolute in our dedication to helping businesses achieve their strategic objectives.”
Posted on February 25, 2025
LOS ANGELES – Republic Business Credit has provided a $1,500,000 non-recourse factoring facility to a California-based apparel manufacturer, fueling the company’s growth plans. The facility offers the manufacturer advances on its receivables, along with the security of credit protection and outsourced receivables management.
Republic’s flexible facility empowers the manufacturing company to leverage its working capital assets effectively and invest in strategic growth initiatives to scale its operations. The company is a well-established private label producer of graphic t-shirts and apparel with an established overseas supply chain. With this added financial stability, it aims to expand its wholesale channels by growing both its private label and branded product lines within major retail markets.
Matthew Begley, Chief Operating Officer at Republic, shared, “Our commitment is to provide tailored financing solutions that empower businesses to grow and succeed. With reliable and efficient funding, we give our clients the financial flexibility to focus on what they do best: designing, producing and delivering exceptional products.”
The deal was sourced through a referral from a former Republic client, highlighting Republic’s strong reputation and commitment to client satisfaction throughout the client lifecycle.
“We are excited to collaborate with this innovative apparel manufacturer and contribute to its growth and success,” said Jason Carmona, EVP, Western Regional Manager at Republic. “This partnership showcases the strength of our relationships and the confidence our clients place in us. Having credit protection combined with borrowing availability on its assets, the company can confidently grow its business with Republic as a trusted partner and advisor.”
Posted on February 19, 2025
NEW ORLEANS – Republic Business Credit is proud to announce the hiring of Chris Costello as SVP, Underwriter. Costello will join Republic’s New Orleans office, reporting directly to the Head of Underwriting, Brian Daray. Costello is a seasoned professional with extensive experience in Asset Based Lending (ABL), bringing a wealth of credit, portfolio and transaction expertise to Republic’s ABL capabilities.
Costello joins Republic with a distinguished lending career in secured finance, including seven years as a field examiner and, most recently, 12 years in underwriting and portfolio management for Capital One Bank.
Chris has a proven track record successfully managing diverse ABL portfolios, including lender finance, tax lien lending and traditional ABL, ranging from $5 million to $250 million facilities. Concurrently, Costello was instrumental in implementing innovative training and operational processes that enhanced efficiency, integration and compliance in his previous role.
“Chris’s deep understanding of the ABL market makes him an invaluable addition to our team,” said Brian Daray, SVP Underwriting Manager at Republic. “His expertise will be instrumental in delivering exceptional service to both potential and current clients.”
“Republic is a nationally recognized industry leader in the commercial finance and secured lending markets, and I am thrilled to join this exceptional team,” said Costello. “I look forward to contributing to Republic’s continued growth and success across its suite of ABL, e-commerce and factoring products.”
The ABL market continues to grow in popularity due to its flexibility, structure and enhanced risk mitigations, and Republic remains at the forefront of this industry development.
“2024 was a record-breaking year for Republic, with over $100 million in newly funded credit facilities, and 60% of our new clients were seeking ABL products,” said Republic CEO Stewart Chesters. “Adding experienced professionals like Chris to our team strengthens our ability to provide the best experience to our clients. We remain committed to partnering with entrepreneurs and private equity firms, enabling their success with the help of our growing product team.
Posted on February 6, 2025
LOS ANGELES – Republic Business Credit closed out a dynamic 2024 with a time-sensitive $4,500,000 asset-based loan to an innovative organic clothing manufacturer located in Los Angeles, California. Republic refinanced an existing loan from a private credit fund that decided to focus on larger corporate transactions through its direct lending model. Republic’s lending solution has empowered the company to meet surging demand for its organic apparel offerings in 2025.
Recognizing the unique cyclical nature of the fashion industry, Republic tailored the asset-based loan to accommodate the manufacturer’s seasonal inventory needs, including its wholesale and e-commerce strategy. The facility provides crucial working capital to purchase materials ahead of peak selling seasons, ensuring timely delivery to major retail partners.
Republic provided a $4,500,000 asset-based loan that was secured by the company’s accounts receivables, inventory and e-commerce proceeds while providing more availability than its previous lender.
“Our commitment to understanding our clients’ business models allows us to craft customized solutions that support their needs whether its ABL or factoring,” said Tae Chung, SVP Business Development Officer at Republic. “This financing provides the Los Angeles-based manufacturer with the financial flexibility needed to capitalize on a huge market opportunity while maintaining its commitment to sustainable practices.”
A company executive expressed confidence in the partnership stating, “Republic’s deep expertise in the apparel sector allowed its team to structure a deal that aligns with our seasonal needs and confirm it was possible to refinance our loan prior to the end of the year. This made Republic the perfect financing partner for our business.”
The company offers attire for both women and men. It also has the capability to facilitate the resale of pre-loved items, strengthening the company’s mission of sustainability.
This latest deal reinforces Republic’s position as a leading lender to businesses in the apparel industry. “With apparel representing 35% of our portfolio, we have a strong understanding of the sector’s unique dynamics,” said Matthew Begley, Chief Operating Officer of Republic. “Our partnership will support this groundbreaking company’s commitment to delivering high-quality, Earth-friendly apparel to a growing market.”
Posted on January 29, 2025
NEW ORLEANS – Republic Business Credit proudly announces the promotion of Bruce Sarver to Senior Vice President, Portfolio Manager of its Asset-Based Lending (ABL) Team. This promotion underscores Republic’s commitment to expanding its ABL portfolio and strengthening its position as a market leader in the middle and lower middle-market sectors.
Bruce Sarver will report directly to Republic’s Chief Operating Officer, Matthew Begley. Sarver began his career in the secured finance and lending field in 2013 as an underwriter. Over the years, he has supported Republic’s credit committee across both the factoring and ABL teams, excelling in client management, client service and underwriting.
Most recently, Sarver served as Senior Vice President, Relationship Manager for the ABL portfolio. His expertise and experience provide a solid foundation for his new role as ABL Portfolio Manager.
“Bruce’s deep industry knowledge, exceptional communication skills, keen attention to detail and client-focused approach have made him an outstanding contributor to Republic’s success,” said Matthew Begley, Chief Operating Officer. “Our borrowers know and trust Bruce to help them achieve their goals. We are confident that the ABL portfolio will continue to flourish under his leadership.”
ABL offers businesses flexibility and additional leverage, enabling borrowers to thrive in competitive markets. According to the Secured Finance Network’s market-sizing study, the ABL market exceeds $1 trillion and is projected to continue growing.
“Asset-based lending is a practical solution that continues to redefine how businesses access working capital,” said Bruce Sarver. “I am honored to manage the portfolio of this dynamic division. Republic prides itself on innovation and partnership, and I look forward to advancing that mission within our ABL portfolio.”
Posted on January 22, 2025
NEW ORLEANS – Republic Business Credit worked through the winter holiday season to fund a $750,000 factoring facility for a Northeast business consulting agency, which specializes in helping technology companies optimize revenue and operational efficiency.
The founder of the company said, “We needed to fund our largest payroll within a week and had to do so prior to the end of the year. Republic partnered with us through the holiday season to meet our needs when other factoring companies said they couldn’t do it that quickly.”
Republic structured a flexible recourse factoring facility with a 90% advance rate on accounts receivables, enabling the company to effectively manage and accelerate its cash flow. The company can now fully support its ongoing payroll needs with confidence, while pursuing future expansion opportunities.
“Our team understood that this business model would work because the company had been operating for over 20 years,” said Eric Dorner, VP of Business Development at Republic. “With that long-term success in mind, we were able to offer a flexible, competitive financing solution that will support the company’s continued growth.”
The company provides consultation services to large tech companies that suffer from inefficiencies within their revenue streams. The company’s executives expect that this financing will allow it to exceed its 2025 goals by more than 25%.
“We’re thrilled to partner with such a promising firm in the technology consulting space,” said Robert Meyers, President of Republic. “Our ability to meet the company’s deadlines exemplifies our commitment to supporting businesses with innovative financial solutions that drive success.”
Posted on January 14, 2025
NEW ORLEANS – Republic Business Credit continues its commitment to the natural products industry by providing a $1.5 million asset-based loan credit facility to a leading manufacturer of bath, shower and all-natural aromatherapy solutions.
The company was seeking a trusted financial partner to support the expansion of its ecommerce and online consumer sales strategy. The company CEO shares that , “Republic’s natural product experience was clear to us from the beginning,” adding that, “Republic provided a loan that allowed us to purchase inventory as we needed it, allowing us the flexibility to explore major retail expansions in 2025.”
The company provides steamers, tablets and sprays across the essential oil-infused aromatherapy category of natural bath products that potentially provide restorative and regenerative benefits. 100% of its products are made in the USA, and the company focuses on the direct-to-consumer market. The company has seen tremendous success through avenues such as Amazon and its own ecommerce website.
Republic’s $1.5 million asset-based loan provided the company with availability on its in-transit and landed inventory, which increased its access to working capital. Republic structured the loan with an accordion facility in the event the company seeks a wholesale or retail expansion strategy in 2025 or 2026. Republic’s flexible credit facility, including the ability to leverage future orders, provided the ideal solution.
“The demand for all-natural products is surging, and the company is well-positioned to capitalize on this growing market,” said Eric Dorner, VP of Business Development at Republic. “Our financing solutions allow the company to focus on its best growth opportunities without funding concerns.”
“We are a big champion and supporter of consumer goods companies, especially in the natural products category,” said Robert Meyers, President of Republic. “Our goal is to alleviate financial burdens so entrepreneurs can concentrate on expanding their businesses and building a healthier world.”
Posted on January 7, 2025
NEW ORLEANS – Republic Business Credit is proud to announce that Leigh Guglielmo, SVP, has been elected President of the Turnaround Management Association’s Louisiana chapter. Guglielmo will serve a one-year term during which she will advance the chapter’s mission to provide networking and education opportunities to professionals in the restructuring, bankruptcy and finance industries.
“I’m honored to be elected President and excited to lead the Louisiana TMA chapter,” said Guglielmo. “Our members are highly knowledgeable and proactive in contributing to our community. My primary goal is to foster that environment while attracting new members through valuable networking events and professional development opportunities.”
Guglielmo’s tenure comes at an exciting time with the 2025 TMA Annual Conference set to take place in New Orleans in October 2025. Turnaround management professionals from across the country will attend the event to network, learn and share insights with one another. Guglielmo sees this as a prime opportunity to showcase the Louisiana chapter.
“Hosting the 2025 Annual Conference in New Orleans is a fantastic opportunity for our members to connect with colleagues from around the country,” Guglielmo added. “We’re thrilled to contribute to a successful conference and highlight all our city has to offer.”
Guglielmo brings a wealth of experience to her new role. She joined the Republic team in 2011 bringing of professional sales experience. Active in the local community, Guglielmo is involved with the Secured Finance Network and the Association of Corporate Growth in addition to her work with TMA. Her expertise has been recognized industry-wide, with Guglielmo being celebrated as one of the Secured Finance Network’s Top Women in Secured Finance in 2022 and the Asset Based Finance Journal’s Top Women in Asset-Based Lending in 2024.
“Leigh’s unwavering integrity, passion and dedication to providing the best options to her clients have made her a leader in the field,” stated Robert Meyers, President of Republic. “She’s been an invaluable leader within our organization and community, and we are excited to see her recognized on a national level.
Posted on December 11, 2024
LOS ANGELES – A Mississippi-based mattress manufacturer partnered with Republic Business Credit to expand into major retailers across the country. Republic was introduced to the company by Renasant Bank’s Tupelo commercial banking team. The Renasant team knew Republic was the right lender because of the manufacturer’s high growth potential and Republic’s deep expertise in both consumer-packaged goods and furniture.
Larry Coggin, North Mississippi Commercial Banking President for Renasant said, “Republic’s industry expertise and ability to support high-growth clients is another great solution we can bring to the overall client relationship.” Coggin added, “We expect that within 18 months the company will mature into a conventional banking relationship.”
Republic provided a $2.5 million non-recourse factoring facility that didn’t require a personal guarantee. The facility empowers the manufacturer to offer attractive payment terms to new wholesale customers, a critical factor in securing larger orders and increasing market share.
Furthermore, the credit protection embedded in the facility mitigates the risk and uncertainty across the retail landscape while allowing the manufacturer to confidently pursue new opportunities.
“The company’s national expansion into the wholesale market represents a significant growth opportunity,” stated Brian Daray, Republic’s SVP Underwriting Manager. “Our financing solution is tailored to support this move with the ultimate goal of driving significant retail success.”
Having established a strong presence in the direct-to-consumer market through both private label and online sales, the manufacturer is well-positioned to replicate this success in the wholesale arena.
“We are more than just a financial provider; we are a trusted and committed partner that supports manufacturers across the country,” said Robert Meyers, President of Republic. “This partnership exemplifies Republic’s dedication to fostering growth and providing innovative financial solutions for businesses across a diverse set of industries.”
Posted on December 10, 2024
ATLANTA – An experienced temporary staffing management team was searching for a factoring company for their latest entrepreneurial venture, seeking a trusted local financial partner that understood the temporary staffing industry. The company initially reached out to the Buckhead branch of Renasant Bank, which provides its treasury services.
Republic Business Credit, a wholly owned subsidiary of Renasant, provided a $750,000 factoring facility that would be quickly scalable as the company takes on new contracts and help to fund all of its payroll needs. Fred Andrew, Managing Director of Renasant Bank added, “Republic was exactly the solution our client needed to accelerate its access to payroll funding so it can confidently build its business.”
The company has a history of success placing top talent at fortune 500 companies throughout Georgia and across the Southeast. The company focuses on IT-related placements and is poised to undergo a national expansion in the coming months. The company’s financial partnership with Republic will empower it to expand its operations and serve larger clients nationwide.
“We have extensive expertise across the temporary staffing sector, including light industrial, IT, healthcare, administration and more industries that seek our streamlined onboarding and funding processes, which allow our clients to scale rapidly,” said Robert Meyers, President of Republic. “We are proud to support so many temporary service companies across the country. It has always been one of our core strengths as a team.”
This deal marks another successful transaction for Brian Resutek, SVP, Southeast Regional Manager at Republic. Resutek, who joined Republic in April 2024, brings over a decade of experience in factoring and asset-based lending in the Atlanta market.
“Republic’s comprehensive experience in the staffing field allowed us to close this very quickly and efficiently,” said Resutek. “I’m fortunate to work hand in hand with our strong team of professionals, from credit and underwriting to closing, who ensure a smooth and effective client onboarding process.
