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.”
Posted on November 5, 2024
CHICAGO –
An outdoor apparel manufacturer approached Republic Business Credit for an asset-based loan when its existing senior lender could no longer support the company’s accelerated growth. Republic was able to provide a $15,000,000 asset-based loan and partnered with Change Capital to secure an additional $2,000,000 junior debt facility. The combined financing enabled the company to boost inventory ahead of its peak season, resulting in the company successfully meeting its 2024 growth targets while already exceeding its spring 2025 projections by over 25%.
The Southeast-based company manufactures innovative apparel, accessories and athleisure basics for fishing, hunting, boating and other outdoor activities. The company credits its omnichannel approach, including sales through big box retailers, club stores and the company’s own growing e-commerce channels, as key components of its consistent, year-over-year growth.
“It’s exciting when we can partner with dynamic leadership teams that are facing the working capital challenges of growth, and its rewarding to see their success once they have the right lender in their corner,” said Robert Meyers, President of Republic. “We pride ourselves in fostering true collaboration with our clients and partners to achieve the best possible outcome for everyone involved.”
Raffi Azadian, CEO of Change Capital added, “We like partnering with founders that have a plan, a successful track record and a trusted senior debt lender that we have known for years. Together with Republic, we’ve provided an incredible solution to accelerate the continued success of the company, and we look forward to telling its growth story in the future.”
“Since the deal has funded, the company has paid its key suppliers and seen significant growth in sales,” stated Eric Dorner, VP in Republic’s Chicago office. “It has always been a highly profitable business and we are seeing that trend continue. The right partnership paves the way for success to follow.”
Posted on November 1, 2024
NEW YORK –
Robert Meyers, President of Republic Business Credit, was recently elected as President of the Secured Finance Network (SFNet), the essential resource for all organizations and professionals that deliver and enable secured finance to businesses.
Meyers got involved with SFNet in 2013 by planning an educational event for the SFNet Midwest Chapter. Over the next decade, he took on numerous volunteer roles, including chapter treasurer, vice president and president in 2016. Additionally, Meyers was elected to SFNet’s Executive Committee in 2016 and eventually the Management Committee in 2022.
One of Meyers’ biggest contributions to the organization was the creation of the organization’s national young professionals group: Emerging Leaders ( YoPros). Along with an incredible group of volunteers, Meyers helped launch the program in 2017. Meyers will apply this experience to achieve his goal of creating a larger, broader community to support SFNet members and accelerate access to capital.
“I want us to be a stronger, broader and a more inclusive community,” stated Meyers. “We are at the center of secured finance while needing to include more private credit funds, banks and factoring companies in our mission. We are a leader in advocacy at both the state and federal level for our members, whether that’s BASEL III, state financial disclosures or new licensing laws. The more robust our community is, the more impactful we will be not only to our members but, more importantly and the reason we are all here, to our clients.”
Rich Gumbrecht, CEO of SFNet, agrees. “We are seeing a rejuvenation of our members, including new members that support our expanded mission, contributing to our educational resources and partnering on advocacy initiatives. We want to keep this momentum going. Robert is very well respected in our community and is the perfect person to continue pushing our growth strategy forward, which benefits everyone in the secured finance ecosystem.”
Meyers has a long history in the secured finance field. After graduating from the University of Chicago in 2006, he began his career at a large, global independent factoring company before leading a management lead buyout of Republic Business Credit in 2016. He did so while earning his MBA from Northwestern University, which he received in 2017. Meyers is the president and managing member of Republic, overseeing the company’s sales, marketing and underwriting teams. Republic has seen consistent growth since 2016, having more than doubled the size of its team, adding three new products and now proudly serving clients in more than 30 states around the country. All this growth has accelerated since Republic became a wholly owned subsidiary of Renasant Bank in 2023, increasing its balance sheet and opening its Southeast office. In addition to SFNet, Meyers has maintained active memberships in the Turnaround Management Association and Young President’s Organization.
“Robert brings a passion and energy to everything that he does,” stated Stewart Chesters, CEO of Republic. “He has made significant contributions to our company, community and the SFNet organization, and we are excited for him to take on this leadership role within our largest global trade association. We are proud of Robert’s achievements and look forward to celebrating our industry successes together.”
