Republic Business Credit Funds $750,000 Factoring Facility for Southeastern HVAC Company
Summary
First, the company was still in its early, high-growth startup stage, which typically makes it more difficult to obtain a traditional bank loan. Since providing the ledgered line of credit facility over the summer, the company recently executed additional commercial contracts that will allow it to more than double its business during the second half of the year. "Our relationship with Renasant has provided tremendous opportunities to partner with companies that might not fit a traditional bank loan structure," said Republic President, Robert Meyers. 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.