Posted on June 24, 2025
NEW ORLEANS – Facing traditional industry challenges associated with cash flow and rapid growth, a prominent staffing firm partnered with Republic Business Credit to support its national retail expansion.
Republic partnered with the entrepreneur-led staffing agency to provide a $3,000,000 factoring facility, which included an $800,000 unbilled advance to bridge the mid-month gap between its employees’ weekly payroll and customers’ monthly invoice cycle.
Republic’s tailored solution provided up to 90% advance on accounts receivable combined with an advance of 70% on unbilled receivables that were earned but not yet invoiceable. Republic’s robust support for unbilled receivables directly addressed all the company’s payroll needs amid its rapid growth.
This flexible structure allowed the client to significantly reduce its existing debt burden while immediately onboarding three new Fortune 100 clients. This strategic partnership highlights Republic’s expertise in providing flexible, high-impact financing that fuels expansion for its partners across the dynamic staffing industry.
Eric Dorner, VP, Business Development at Republic, shared, “This isn’t just a factoring solution, it’s a partnership that has enabled our client to nearly double its revenue and amplify its reach across the national IT and light industrial temporary staffing space.”
As a direct result of Republic’s support, the company secured its financial freedom and is well-positioned to earn a projected $26,000,000 in 2025, solidifying its position as a competitive, trusted player in the industry.
“We understand the unique demands of entrepreneurial industries like IT and light industrial staffing, where talent acquisition and timely payroll are paramount for future success,” said Robert Meyers, President of Republic. “Our ability to structure a facility that included a substantial unbilled accounts receivable component, alongside a high advance rate, was key. Our goal is to precise financial tools that allow innovative companies to seize opportunities and scale without cash flow constraints.”
###
Posted on June 17, 2025
LOS ANGELES – Republic Business Credit successfully funded a $1,000,000 non-recourse factoring facility for a prominent Los Angeles-based fashion and textile manufacturer. Republic’s tailored solution provided the company with an outsourced accounts receivable partnership, cash flow support and resources to identify the creditworthiness of its customers.
Republic’s product will enable the apparel manufacturer to manage its inventory levels, cover expenses and pursue new business opportunities with confidence, especially amid the evolving tariff landscape.
The factoring facility was established following a referral from a trusted banking partner in the Los Angeles community, highlighting Republic’s reputation across the industry.
The founder expressed excitement at closing, “This partnership with Republic has been transformative for our operations. The factoring facility it provided has significantly improved our cash flow and allowed us to invest in new product development without hesitation.” He added, “This financial flexibility is crucial to stay competitive in the fashion market.”
Republic SVP, Tae Chung, added “The fashion industry operates on tight timelines and certainty of execution. Our partners in the industry often require immediate access to capital so they can seize seasonal buying opportunities.” Chung further added, “Our factoring solutions are specifically designed to bridge these cash flow gaps, converting accounts receivable into immediate funding.”
With Republic’s support, the company is poised for continued success, leveraging enhanced liquidity to drive innovation and growth within the global fashion supply chain.
“This partnership underscores Republic’s commitment to delivering agile factoring and Asset-Based loans that address the unique cash flow demands of the fast-paced fashion sector,” stated Matthew Begley, Republic COO. “Republic’s solutions allow our clients to focus on creativity and production with the assurance their financial foundations are strong and flexible enough to support their ambitions.”
Posted on June 3, 2025
LOS ANGELES – Republic Business Credit has supplied a leading medical supply manufacturer with a $500,000 factoring facility, immediately improving the company’s cashflow and eliminating the stress of working capital constraints.
The company faced cash flow challenges due to extended payment terms, which often stretched up to 120 days. This is a problem commonly experienced by companies selling to large hospital systems and outpatient medical centers. This partnership highlights Republic’s proactive approach to understanding the healthcare industry and the ongoing payroll needs of its clients.
The $500,000 scalable factoring facility provided advances on up to 90% of the company’s eligible receivables. Republic was eager to address the company’s unique needs, capitalizing on its ability to offer tailored financing structures that address specific industry challenges.
“At Republic, we pride ourselves on building strong, lasting partnerships,” said Matthew Begley, Chief Operating Officer and Board Member at Republic. “We recognized this company’s critical role in its community and were excited to support its growth. Our team provided a factoring facility that not only stabilized its cash flow but also supports its future.”
The connection came through a valuable referral from an associate familiar with both companies, a testament to the reputation Republic has developed as a trusted and reliable provider for small businesses.
“We value our referral relationships immensely, and this introduction was instrumental in developing a fruitful partnership,” added Jason Carmona, EVP Western Regional Manager at Republic. “This collaboration exemplifies how Republic leverages its network and expertise to provide tailored financial strategies that genuinely empower businesses to thrive.”
Posted on May 21, 2025
NEW ORLEANS – Republic Business Credit is pleased to announce the expansion of its legal team with the addition of Katie Hay as AVP, Legal Analyst. She will report to VP, Legal Manager Christy Morgan and will be based in Republic’s New Orleans office.
Hay brings a wealth of experience in the legal field to Republic. A graduate of Louisiana State University, Hay continued her education to earn a Paralegal Certificate from LSU in 2019. Her career includes significant experience assisting, drafting and reviewing legal cases across all stages in the state of Louisiana. Hay also brings several key skills to the team, such as expertise drafting legal documentation, conducting UCC research and completing thorough background checks for potential factoring and borrowing clients.
“I am thrilled to join Republic as AVP, Legal Manager,” stated Hay. “The company’s commitment to client success is inspiring. I look forward to supporting the team and strengthening our operational capabilities.”
“Katie’s proven ability to develop and manage effective processes will be a valuable asset to our team and will enhance our client services,” said Christy Morgan. “Having Katie join us at this foundational stage as we build Republic’s legal department will have an immeasurable impact on reducing client onboarding time and servicing costs. We’re thrilled to have her on board.”
Hay’s hiring comes during a period of significant expansion for Republic. The company’s growth over the past two years has consistently exceeded projections. In 2024, the company funded more than $100 million in credit facilities across its suite of factoring and asset-based lending products. Republic remains committed to delivering fast and efficient solutions to its clients so they can gain access to working capital and meet their business goals.
“Our company is on an exciting growth journey, driven by our commitment to supporting our clients’ financial needs,” said Stewart Chesters, CEO of Republic. “Expanding our talented team with professionals like Katie is essential as we scale to meet increasing demand while continuing to be the exceptional partner our clients expect.”
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.”
