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.
Posted on December 3, 2024
NEW ORLEANS – A New York-based apparel company has partnered with Republic Business Credit to secure a non-recourse factoring solution, allowing the company to extend payment terms to its customers without assuming additional financial risk. This partnership will enable the company to meet recent, growing demand for its products and solidify customer relationships to support long-term growth potential.
Republic was able to leverage an efficient approval process due to its deep understanding of the apparel industry. The factoring facility will provide the company with immediate access to working capital, enabling its leaders to focus on core operations and driving further growth.
“Republic has a deep understanding of the challenges and opportunities facing apparel companies,” stated William Kemp, SVP for Republic. “We are pleased to apply our expertise to find a financing solution that meets their unique needs.”
The apparel manufacturer has a long-standing reputation for providing high-quality apparel to major retailers across the United States. The company has seen high rates of success by providing longer payment terms to its customers. This supports the manufacturer’s growth, while reinforcing its positive relationships with its vendors.
“At Republic, we believe in the power of collaboration to drive success,” stated Matthew Begley, Chief Operating Officer of Republic. “We strive to find solutions that help companies not only maintain, but significantly strengthen their already outstanding customer relationships. We are excited to see where this partnership leads in the future.”
Posted on December 2, 2024
LOS ANGELES – Fueled by a demand for its innovative automated handling solutions, a national manufacturer has partnered with Republic Business Credit to secure a $4,000,000 recourse factoring facility. Republic partnered with an independent private equity sponsor to complete the corporate divestiture of one orphan division that was primed for growth with the right partner.
Republic proved to be the ideal partner for the manufacturer’s evolving needs thanks to its flexible financing solutions and collaborative approach. This strategic alliance will empower the company to capitalize on surging demand and accelerate its expansion plans. The PE sponsor wanted to reinforce the company’s opportunity for success on day one by setting up a revolver with Republic. The sponsor added, “Republic partnered with us throughout the acquisition process, often through nights and weekends, to ensure the revolving line was ready on our first day of ownership.”
“Our recourse factoring facility offers the company streamlined underwriting, enhanced financial flexibility and the vital capital needed to fuel its growth and realize its ambitious goals,” said Jason Carmona, SVP, Western Regional at Republic. “With Republic’s comprehensive suite of financial solutions, the company has gained the flexibility to seamlessly transition to an ABL (Asset-Based Lending) line of credit as it achieves its strategic targets and objectives.”
The company specializes in the design and manufacturing of automated handling solutions for a variety of industries, including e-commerce, defense, transportation and industrials. The company saw rapid growth during Covid-19 due to its partnership with a national e-commerce company that expanded fulfillment operations to meet growing demand for online orders. Now the company is on the brink of another expansion, making this financial partnership so critical.
“We were impressed with the company’s strong management team and their vision for the future,” stated Robert Meyers, President of Republic. “This partnership exemplifies Republic’s commitment to empowering businesses with the working capital they need to thrive in the dynamic landscape of today’s marketplace.”
Posted on November 19, 2024
NEW ORLEANS –
Finding the right financial partner is critical for every company but especially for start-ups, which is why an East Coast temporary staffing firm sought out an industry expert in Republic Business Credit.
By partnering with Republic, the temporary staffing company was able to unlock the necessary working capital to meet all its payroll needs so it could focus on growing the business. The founder said, “It felt great to match our funding needs with staffing experts who could help us achieve our goals.”
Republic’s Fast AR factoring solution delivered a $250,000 working capital solution that empowered the company’s founders with the financial freedom to not only match payroll demands but also support its growth initiatives in 2025. Since its initial funding, the company has secured five new customers and will be looking to increase its facility to $550,000 by the end of the month.
“Employment is the backbone of our economy and staffing companies are a critical component of that,” stated William Kemp, SVP of Business Development for Republic. “We are proud to support a business that is poised to have a great impact on both individual people and the nation’s economy as a whole.”
Based in the Northeast, the staffing enterprise specializes in the technology and healthcare market segments and has successfully placed employees in companies across the nation. This includes large, retail-focused enterprises that support consumer electronic devices across the country.
“We work with companies in many different stages of their business cycle, but new businesses are always special to us,” said Stewart Chesters, Republic’s CEO. “We enjoy partnering with a company from its beginning stages and take great pride in its continued growth throughout its entrepreneurial journey.”
