Posted on March 29, 2019
Chicago, IL – Republic Business Credit leapt into the technology forward experiential marketing
realm by partnering with an award-winning millennial founder that has achieved tremendous success
partnering with Fortune 500 companies. The company combines creativity and excellence into a
unique experiential based design. Republic was referred in by a regional investment bank that sought
a technology savvy factoring partner for its client.
The creative marketing company was founded a few years ago with the mission of combining
their design talents with a new vision for their clients’ customer. The company transforms a traditional
marketing campaign into an unforgettable experience.
Republic provided a $3.0 million selective invoice factoring facility that supported their growing
working capital requirements. The company only factored their larger and slower paying customers
that are traditionally viewed as their best customers, but caused the business cash-flow challenges due
to the slower invoice payment terms. Republic was willing to extend eligibility to 120 days on several
customers to create availability and further help ramp their sales goals in 2019.
“Millennial owned entrepreneurs are demonstrating success outside of the typical Silicon Valley
darlings you read about in the Wall Street Journal,” says Robert Meyers, President of Republic. “As a
millennial owner that partnered up with a Gen X’er in Stewart Chesters, we are proud to support
businesses on the cutting edge of their respective industries regardless of the generational stigma
thrust upon them.”
Republic Business Credit supports banks, investment banks, private equity, accountants,
lawyers and consultants across the United States to create value, strengthen relationships and provide
complementary services to entrepreneurial businesses. Republic is proud to support entrepreneurs
across all ages, backgrounds and experience levels to realize their dreams.
Posted on February 11, 2019
CHICAGO (PRWEB) FEBRUARY 06, 2019
Republic Business Credit supported a second generation family manufacturing business to refinance away from a restrictive non-bank asset based lender that was unwilling to support the turnaround management efforts of the recently appointed CFO. The CFO reached out to Republic, as he previously had success with Republic’s ownership team with a relationship financing a third tier automotive supplier with a successful exit a few years back.
The manufacturing company was founded more than 50 years ago and provided irreplaceable jobs throughout the community. The company turned the corner while strategically positioning itself for growth in 2019. The company needed a funding partner that understood its immediate cash flow needs as well as the capability to offer equipment term loans and a seasonal overadvance component as new customers were onboarded.
Republic provided a $3.0 million Ledgered Line of Credit to support their immediate refinancing while also reducing their financing costs going forward. The business possesses the confidence that Republic will support their long term business needs without unnecessary covenants.
“Manufacturing and family owned businesses represent the backbone of America,” said Robert Meyers, President of Republic. “As a commercial finance company, we are excited to assist companies that represent the past and future of the Midwestern business community. We have strong relationships with banks, advisors and accountants, and they trust us to provide the correct growth capital facility.”
Republic Business Credit supports banks, investment banks, private equity, accountants, lawyers and consultants across the United States to create value, strengthen relationships and provide complementary services to successful growing businesses.
Posted on February 11, 2019
CHICAGO (PRWEB) FEBRUARY 04, 2019
Republic Business Credit is proud to confirm that Robert Meyers will act as the 2019 President of the Chicago/Midwest Chapter of the Turnaround Management Association as it enters its 28th year.
The Chicago/Midwest Chapter of The Turnaround Management Association is one of the largest, fastest-growing chapters of the only international nonprofit association dedicated to corporate renewal and turnaround management.
“It has been a terrific experience working with our leaders to produce high-quality networking and educational events for our members throughout 2018,” says Nick Miller of Neal Gerber & Eisenberg LLP, the immediate past president. “Our chapter continues to be one of the largest and most successful because its members and leaders include the most talented and dedicated professionals within the restructuring and financial community. I look forward to Rob’s leadership and continued success for the chapter in 2019.”
For 2019, more than 65 volunteer leaders, including officers, directors and committee chairs and members, will comprise the Chicago/Midwest Leadership team, ensuring the continued provision of dynamic programming and networking opportunities.
“We have always seen the TMA Chapter in Chicago as a dynamic business partner and are proud that we are represented at this level by Rob,” says Stewart Chesters, Republic’s CEO. “We know he will play an active part in the Chapters theme for the year ‘Disrupt and Engage’!”
Posted on February 11, 2019
NEW ORLEANS (PRWEB) FEBRUARY 01, 2019
When a California based Investment Bank needed more than a factoring solution for its Ohio based technology enabled temporary staffing client, they tasked Republic Business Credit with paying off the commercial bank and supporting future payroll funding needs. Republic structured an expandable receivables funding facility along with an unbilled receivables line of credit to meet the company’s timing needs between payroll and invoicing.
The client’s extraordinary growth forecast required a scalable facility to assist with their weekly payroll obligations and continued investments in industry leading technology applications. Republic’s facility eliminated any short term cash-flow shortfalls while providing the small business owners comfort to achieve their dreams. Republic has deep ties into the staffing industry and can provide more than simple funding oriented solutions when necessary.
Republic Business Credit provided the medium-sized entrepreneurial company with a $3,000,000 receivables purchase line of credit and a $750,000 unbilled receivables line of credit, giving them the ability to continue onboarding new clients at a fervent pace.
“Rapidly growing companies require an all-encompassing solution to support their growth needs,” said Robert Meyers, President of Republic. “Republic is proud to partner with temporary staffing clients on the cutting edge of technology and customer service to provide them the toolbox for unlimited growth potential.”
Republic Business Credit partners with entrepreneurs across the United States, to create value, invest in technology and enable them to focus on growing successful businesses.
Posted on November 3, 2018
NEW ORLEANS (PRWEB) NOVEMBER 01, 2018
Republic Business Credit announced today it hired Joseph Zupo as Underwriting Manager in its New Orleans office. This appointment adds significant experience, depth and knowledge in Asset Based Lending as the company continues to expands its national footprint to provide dynamic working capital solutions throughout the U.S.
Republic Business Credit provides Factoring and Asset Based Lending to 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. Relocating to New Orleans, Joseph will focus on coaching, mentoring and leading our underwriting team. Joseph will support Robert Meyers, its President, as the origination team seek companies throughout the country with funding needs up to $10,000,000 across their receivables, purchase orders, inventory and equipment.
“Joseph is a proven performer in the Asset Based Lending and Factoring industries in both the Bank and Non-Bank market,” said Robert Meyers, President, Republic Business Credit. “Joseph will combine his experience and deal doing attitude to help us fund more clients that previously possible.” Joseph previously worked for Presidential Financial, CIT Commercial Finance and Bank of America Business Capital is underwriting, credit, risk and portfolio management roles. Joseph is a member of the Turnaround Management Association, Commercial Finance Association and former board member of the Risk Management Association.
“Joseph has a strong background providing creative and flexible solutions to the ever increasingly complex transactions we finance,” said Stewart Chesters, Chief Executive Officer, Republic Business Credit. “With his determination, experience and deal-funding attitude he will bring tremendous value to our partnership and existing relationships. He is a safe pair of hands.”
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 entrepreneurial businesses.
Posted on November 3, 2018
NEW ORLEANS (PRWEB) OCTOBER 30, 2018
When a consultant sought to free its Midwestern based client from an expensive financing solution, they tasked Republic Business Credit to provide the necessary payroll funding. Republic structured a larger, more affordable facility while simultaneously partnering with a full back office solutions provider to support the clients future growth plans.
The client’s high growth rate required a quickly scalable facility to maximize their borrowing ability in order to fulfill weekly payroll obligations and continued personnel investments. Republic’s facility eliminated any short term cash-flow fears while allowing the owners to focus their growth. Republic has deep ties into the staffing industry and can provide more than just funding oriented solutions when necessary.
Republic provided the minority owned entrepreneurial company with a $1,000,000 receivables purchase line of credit so they could comfortable secure additional customer contracts in 2019.
“Rapidly growing companies require a comprehensive solution to fuel their immediate growth needs,” said Robert Meyers, Chief Commercial Officer of Republic. “Republic is proud to provide a client focused solution that partnered with an industry leading back-office provider that will provide them with the tools for unlimited growth.”
Republic Business Credit partners with entrepreneurs across the United States, to create value, and enable them to focus on growing successful businesses.
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.
