TSL Express Daily News
The Secured Lender
SFNet's 80th Annual Convention Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
October 29, 2024
Source: Republic Business Credit
Credit line brings new potential to growing company.
LOS ANGELES– When a California-based natural food manufacturer outgrew its small business loan, it sprang into action through a new partnership with Republic Business Credit. Republic was introduced by a lower middle market debt advisor in the natural food industry to help the company navigate this exciting period of growth.
The company manufactures all-natural almond butters and other almond products that are sold through various retail channels, including Amazon. Initially launched as an alternative to peanut butter for children, the company now works with local almond growers to offer powdered almond butter, almond flour, bagged almonds and snack packs to a wide array of consumers.
“It can be difficult as an early-stage company if you don’t choose the right partners,” said Jason Carmona, EVP Western Regional Manager at Republic. “We transformed a challenging situation into a positive outcome for our client by swiftly developing a plan that ensured the seamless fulfillment of all outstanding orders.” Carmona further added, “We believe in the company’s purpose and are happy to help keep this flourishing product on the market.”
Republic provided a $1,250,000 factoring facility to support the manufacturer’s future growth plans. In addition to providing the ability to rapidly scale to meet customer demand, Republic provided funding for the company’s extended term customers with up to 120 days of eligibility. Additionally, Republic was able to waive the personal guarantee requirement due to the single-family ownership.
“From the beginning, this company exemplified the entrepreneurial spirit of a growing business in the exciting natural food space,” said Robert Meyers, President of Republic. “We are proud to partner with this company and support its future financial success.”
About Republic Business Credit
Republic Business Credit is a nationally recognized commercial finance company supporting the working capital requirements of companies nationwide, including private equity and entrepreneurial businesses. Republic provides asset-based lending, e-commerce, ledgered lines of credit, factoring and Fast AR Funding. Republic partners with its clients to provide up to $15 million in senior credit facilities to rapidly growing businesses, start-ups and companies experiencing recoverable distress. Republic is recognized by the Secured Finance Network as one of the largest finance companies in the United States of America. Republic is proud to be headquartered in New Orleans with additional offices in Chicago, Los Angeles, Houston and Atlanta. Republic is a wholly owned subsidiary of Renasant Bank.
LOS ANGELES– When a California-based natural food manufacturer outgrew its small business loan, it sprang into action through a new partnership with Republic Business Credit. Republic was introduced by a lower middle market debt advisor in the natural food industry to help the company navigate this exciting period of growth.
The company manufactures all-natural almond butters and other almond products that are sold through various retail channels, including Amazon. Initially launched as an alternative to peanut butter for children, the company now works with local almond growers to offer powdered almond butter, almond flour, bagged almonds and snack packs to a wide array of consumers.
“It can be difficult as an early-stage company if you don’t choose the right partners,” said Jason Carmona, EVP Western Regional Manager at Republic. “We transformed a challenging situation into a positive outcome for our client by swiftly developing a plan that ensured the seamless fulfillment of all outstanding orders.” Carmona further added, “We believe in the company’s purpose and are happy to help keep this flourishing product on the market.”
Republic provided a $1,250,000 factoring facility to support the manufacturer’s future growth plans. In addition to providing the ability to rapidly scale to meet customer demand, Republic provided funding for the company’s extended term customers with up to 120 days of eligibility. Additionally, Republic was able to waive the personal guarantee requirement due to the single-family ownership.
“From the beginning, this company exemplified the entrepreneurial spirit of a growing business in the exciting natural food space,” said Robert Meyers, President of Republic. “We are proud to partner with this company and support its future financial success.”
About Republic Business Credit
Republic Business Credit is a nationally recognized commercial finance company supporting the working capital requirements of companies nationwide, including private equity and entrepreneurial businesses. Republic provides asset-based lending, e-commerce, ledgered lines of credit, factoring and Fast AR Funding. Republic partners with its clients to provide up to $15 million in senior credit facilities to rapidly growing businesses, start-ups and companies experiencing recoverable distress. Republic is recognized by the Secured Finance Network as one of the largest finance companies in the United States of America. Republic is proud to be headquartered in New Orleans with additional offices in Chicago, Los Angeles, Houston and Atlanta. Republic is a wholly owned subsidiary of Renasant Bank.