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 September 8, 2018
MINNEAPOLIS (PRWEB) JUNE 08, 2018
Republic Business Credit announced today it hired Heather Rachel as VP, Business Development in Minneapolis. This appointment further expands Republic’s Midwestern presence as the company expands its national footprint to provide dynamic working capital solutions throughout the U.S.
Republic Business Credit provides cash flow solutions for companies that are experiencing high-growth or recoverable distress. The New Orleans-headquartered finance company has recently expanded its presence in the Midwest and Southern regions with key, high-level staff appointments. Based in Minneapolis, Heather will focus on building strategic partnerships and reciprocal relationships throughout the Upper Midwest. Heather will target entrepreneurs with funding needs up to $10,000,000 across their receivables, purchase orders, inventory and equipment.
“Heather is a proven relationship builder that is well established in the Minneapolis marketplace,” said Robert Meyers, President, Republic Business Credit. “Heather will combine her entrepreneurial experience and her commercial finance knowledge to provide a refreshingly consultative approach for prospective clients.”
Heather previously worked for two industry leading finance companies providing Asset-Based Lending and Factoring solutions. Heather was twice an entrepreneur and recently published a new book, “The B.I.G. Plan. A proven process for business owners to adopt for change and growth.” Heather is a member of the Turnaround Management Association, Commercial Finance Association and former board member of the Risk Management Association.
“Heather has a strong background engaging customers and finding the correct solution, which compliments our values as we pride ourselves on a people first approach to supporting our clients,” said Stewart Chesters, Chief Executive Officer, Republic Business Credit. “With her determination to add real value to relationships, I know she will represent us strongly in the marketplace.”
Republic Business Credit supports accountants, lawyers, investments bankers and other centers of influence across the United States to create value, strengthen relationships and support successful growing businesses.
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.
Posted on May 14, 2018
Republic provides recovery capital and additional liquidity alongside a Gulf Coast regional bank to Louisiana based business.
NEW ORLEANS (PRWEB) MAY 03, 2018 – When a Gulf Coast regional bank referred over a underperforming line of credit, Republic Business Credit replaced their facility while partnering with the bank to offer a new term loan secured by equipment and real estate. The client sought new recovery capital, and a partner that knew the cyclical nature of its industry, while offering an accordion facility up to $7.5 million to support future growth plans.
The client provides highly skilled temporary labor services into the Oil and Energy sector, including light industrial manufacturing, welding and heavy equipment specialists. The client needed more leverage on their receivables than the bank was willing to provide in order to meet their working capital needs for weekly payroll and mobilization requirements for jobs. Republic Business Credit 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 skilled employees in certain areas of the energy sector.
Republic provided a $5 million receivables purchase line of credit with an accordion up to $7.5 million. The business possesses the confidence that Republic will support their longer term business growth needs without requiring a new lender in the next 36 months.
“Staffing and workforce service businesses provide essential skilled workers to those that do not have access or the time to recruit full-time employees,” said Robert Meyers, President of Republic. “As a commercial finance company, we are excited to assist companies that support the expanding Gulf Coast business community. We have strong relationships with local bankers and other centers of influence, and they trust us to provide flexible working capital facilities.”
Republic Business Credit supports banks across the United States to create value, strengthen relationships and provide complementary services to successful growing businesses.
Posted on March 22, 2018
Republic’s momentum increases its Texas Presence with the Relocation of Kemp to Houston.
HOUSTON (PRWEB) MARCH 20, 2018 – Republic Business Credit is proud to announce that William Kemp has been promoted to Vice President of Business Development in its Houston Office. William will join Republic’s market leader, Candice Hubert, longtime SVP of Business Development. William actively participates as a board member for both Houston Chapters of the Commercial Finance Association and Turnaround Management Association.
William joined Republic in 2016 to build its Midwestern Region and jumped at the opportunity to further develop its Texas presence. He will be based in Republic’s expanded office on the 21st Floor of 2700 Post Oak Blvd in the Galleria. Republic expects to appoint a client relationship manager along with a junior business development officer to keep up with the growing demand for non-bank lending solutions in the Greater Houston and Texas market.
“We have been fortunate to have Candice lead our representation in Houston, and we are thrilled to build on that with the addition of William as we start a process of continuing expansion in this exciting market,” said Stewart Chesters, CEO of Republic Business Credit.
Republic has been committed to Texas since its founding, with its first ties including where most staff worked during the early months of the clean up from Hurricane Katrina. Texas is the second largest state in the union and a driving force in the national economy. It includes four of the eleven largest cities in the United States with Houston, Austin, Dallas and San Antonio. In addition to covering Houston, William will be building relationships throughout Texas.
In 2017 the Turnaround Management Association Midwest Chapter awarded William the Emerging Leader Award. “William is dynamic young professional that works to build strong partnerships in the local community,” said Robert Meyers, President of Republic Business Credit.
The New Orleans headquartered Republic Business Credit provides working capital solutions up to $10,000,000 for companies that are experiencing high-growth or recoverable distress. Based in Houston, Kemp will drive new partnerships for Republic in the Southern Region.
Republic Business Credit partners with banks to collaboratively support entrepreneurs across the United States, to create value, by enabling them to focus on growing successful businesses.
Posted on December 18, 2017
Republic recognized by FactoringClub as Best Factoring Company in their inaugural award for 2018.
NEW ORLEANS (PRWEB) DECEMBER 14, 2017 – Republic Business Credit is proud to be the inaugural winner of the FactoringClub’s “2018 Best Factoring Company.” Republic was selected to receive this award out of over one hundred factoring companies across the United States and Canada based on its high level of Customer Service, Terms & Features and Overall Excellence.
Republic Business Credit provides Asset Based Loans & Factoring facilities to companies with typical revenues ranging from $2,000,000 to $100,000,000 that need facilities up to $10,000,000. Republic offers both a Recourse and Non-Recourse receivables purchase line of credit to support entrepreneurs experiencing high growth, investing in their businesses or periods of recoverable distress.
“Republic Business Credit differentiated itself among over 100 factoring companies,” says Rick Hultz, President of FactoringClub. “They clearly focus on developing, training and empowering their team to deliver first-class service levels across the client facing experience.”
“Thriving companies occasionally require a solution to assist their immediate growth oriented cash flow shortfalls, prior to approval by commercial banks,” said Robert Meyers, President of Republic. “Republic is proud to provide client focused solutions that bridge cash flow gaps for growing companies, without long and punitive contracts, enabling entrepreneurs to create jobs across the country. We are excited and proud to receive such recognition from an industry leading and client focused organization such as the FactoringClub.”
Republic Business Credit partners with banks to collaboratively support entrepreneurs across the United States, to create value, by enabling them to focus on growing successful businesses.
BACKGROUND
About FactoringClub
FactoringClub is the most comprehensive client facing directory of factoring companies in the United States and Canada. With over 100 factoring companies, FactoringClub features many of the best companies in the industry. This year’s best factoring companies were awarded based on the following criteria:
Terms and Features • Customer Service • Overall Excellence
About Republic Business Credit
Republic Business Credit provides flexible working capital solutions to help rapidly growing businesses, start-ups, and companies in turnaround or recoverable distressed situations that need facilities of up to $10,000,000. Winner of the 2015 Emerging Growth Company of the Year award from the Louisiana Chapter of the Association of Corporate Growth, the Republic Business Credit team has the expertise necessary to meet the nuanced financial needs of companies across a wide variety of industries. It provides factoring and asset-based facilities, including ABL, receivables purchase lines of credit, inventory, equipment, and purchase order lines. Since its founding in 2011, Republic Business Credit has provided over $3 billion in fast, flexible working capital.
The company is led by Stewart Chesters, a British transplant to New Orleans who has managed commercial finance companies on both sides of the Atlantic and Robert Meyers, a national sales and marketing leader, and recipient of the Commercial Finance Association’s ‘40 under 40’ award.
Posted on December 11, 2017
Eric Dorner and William Kemp recognized by Turnaround Management Association for their contributions to the industry in 2017
Chicago, IL (PRWEB) DECEMBER 11, 2017 – Republic Business Credit is proud to announce that two of its Business Development Officers were recognized for their significant contributions to the Turnaround Management Association’s “TMA” Midwest/Chicago Chapter. The awards were handed out at 9th Annual Executive Speaker Forum featuring the former Prime Minister of the United Kingdom, David Cameron.
Eric Dorner, VP of Business Development, was awarded the inaugural “Rainmaker of the Year” for his introductions, referrals and successful relationship focused approach. Eric is based out of the Chicago office for Republic Business Credit and was the Co-Chair of its Breakfast Committee.
William Kemp, VP of Business Development, was awarded the “Emerging Leader” award for his contributions to the Midwest Chapter. William Kemp was recognized for his contributions as Co-Chair of the Communication committee that led significant improvements to its social media strategy. William Kemp recently relocated to Houston for Republic Business Credit after many years in Chicago.
“It was an exciting event for business leaders in Chicago with over 550 attendees that featured two of our rising stars at Republic,” said Robert Meyers, President of Republic. “To have two key members of our team recognized for their industry contributions was a proud moment for our whole business. We have an empowered culture at Republic and that encourages strong connections with the local business community. We focus on being solutions led business and pleased it was recognized by our peers in the TMA.”
Republic Business Credit partners with intermediaries and lower middle market focused professionals to collaboratively support entrepreneurs across the United States. Republic focuses on creating value and sustainability by enabling them to focus on growing successful businesses.
BACKGROUND
About the Turnaround Management Association
TMA members are a professional community that seeks to strengthen the global economy by working to save distressed businesses, assist management to navigate off-plan events, and help healthy companies avoid similar pitfalls.
About Republic Business Credit
Republic Business Credit provides flexible working capital solutions to help rapidly growing businesses, start-ups, and companies in turnaround or recoverable distressed situations that need facilities of up to $10,000,000. Winner of the 2015 Emerging Growth Company of the Year award from the Louisiana Chapter of the Association of Corporate Growth, the Republic Business Credit team has the expertise necessary to meet the nuanced financial needs of companies across a wide variety of industries. It provides factoring and asset-based facilities, including ABL, receivables purchase lines of credit, inventory, equipment, and purchase order lines. Since its founding in 2011, Republic Business Credit has provided over $3 billion in fast, flexible working capital.
The company is led by Stewart Chesters, a British transplant to New Orleans who has managed commercial finance companies on both sides of the Atlantic and Robert Meyers, a national sales and marketing leader, and recipient of the Commercial Finance Association’s ‘40 under 40’ award.
Interested parties may contact Joanne Chesters at 504.262.8624 or email jochesters@republicbc.com.
Posted on December 5, 2017
Republic receives recognition for its work with the New Orleans based charity Son of a Saint.
NEW ORLEANS (PRWEB) DECEMBER 05, 2017 – Son of a Saint Organization, a New Orleans based charity, recognized Republic Business Credit during its Fifth Annual Gala as one of the Sponsors of the Year.
Son of a Saint’s mission is to support boys through mentorship, education, recreation, camaraderie, cultural enrichment, emotional support and help to fill the void for dozens of fatherless young men in New Orleans.
New Orleans headquartered Republic Business Credit has been a long supporter of Son of a Saint. Republic has sponsored activities with the organization as well as programs such as paid internships during the summer of 2017 for three young men from the Son of a Saint organization. The internship included interviews and full work experience for the mentees.
“From the commencement of the interviews through their entire time with us, the young men of Son of a Saint were great examples of the benefits of an organization such as Son of a Saint,” said Stewart Chesters, Chief Executive Officer of Republic. “They interviewed strongly, had a great work ethic and I personally loved their desire to learn and interact. They were all not only excellent advocates of the organization, but were also for themselves, as very professional young men.”
“It energized our whole team having the boys work with us, while providing them with the insight into working in the financial services industry,” said Danika Louis, Portfolio Manager of Republic. “Our whole team enjoyed having them onboard and this strengthened our resolve to continue to support the work and objectives of Sonny Lee and his team at Son of the Saint.”
“The level of sponsorship we’ve received throughout 2017 has been next-level, and that support has elevated our program to new heights,” said Bivian “Sonny” Lee III, Founder and President of Son of a Saint. “We’re proud to present our 2017 Sponsor of the Year Award to Republic Business Credit, and to acknowledge its generosity, loyalty and unwavering commitment to champion our mission and help our boys. We’re deeply grateful.”
BACKGROUND
About Son of a Saint
Son of a Saint launched in 2011 to address the burgeoning problem of fatherless boys in the New Orleans area. Under the direction of Bivian “Sonny” Lee, the 501(c)(3) organization is dedicated to its mission of enhancing the lives young males through mentorship, emotional support, development of life skills, exposure to constructive experiences and formation of positive, lasting peer-to-peer relationships. For more information or to get involved, click here.
About Republic Business Credit
Republic Business Credit provides flexible working capital solutions to help rapidly growing businesses, start-ups, and companies in turnaround or recoverable distressed situations. Winner of the 2015 Emerging Growth Company of the Year award from the Louisiana Chapter of the Association of Corporate Growth, the Republic Business Credit team has the expertise necessary to meet the nuanced financial needs of companies across a wide variety of industries. It provides factoring and asset-based facilities, including ABL, receivables purchase lines of credit, inventory, equipment, and purchase order lines. Since its founding in 2011, Republic Business Credit has provided over $2.5 billion in fast, flexible working capital.
The company is led by Stewart Chesters, a British transplant to New Orleans who has managed commercial finance companies on both sides of the Atlantic and Robert Meyers, a new business leader in the Midwest and West Coast Regions.
Republic provides paid internships as part of its commitment to being a fair wage employer.
Posted on June 13, 2017
Republic increased the borrowing ability while lowering costs for a rapidly growing staffing firm experiencing double digit. (more…)
Posted on June 8, 2017
Republic refinances the client facility of a Gulf Coast regional bank while providing additional liquidity and retaining Treasury Management Services with referring bank (more…)
Posted on June 1, 2017
Republic provides high growth staffing firm necessary support alongside Texas bank providing treasury management (more…)
