Republic Business Credit Fuels Growth of Innovative Ice Cream Manufacturer with $1 Million Financing

Republic Business Credit, a leading commercial finance company, has recently provided a $1 million factoring facility to a rapidly growing ice cream manufacturer located on the West Coast. This funding is earmarked for scaling production capacity to better meet the increasing demand for the manufacturer’s delicious offerings.

The ice cream company faced a critical juncture when its previous lender decided to transition to different markets, exactly when the manufacturer needed a supportive partner to help it reach larger retail clients. Recognizing the urgency and potential for growth, the previous lender directed the company’s owners to Republic Business Credit, which specializes in financing for the food and beverage as well as retail sectors.

Structure of the Financing Agreement

Republic Business Credit structured a creative credit facility that mirrors the economic terms of the former lender but increased the financing to $1 million. This newly established facility will provide advances on accounts receivable to fulfill new orders, maintain timely payments to essential vendors, and ensure payroll commitments are met.

A standout feature of this arrangement is Republic’s promise to enhance flexibility as the ice cream manufacturer reaches specified milestones. This could include advances on additional asset types and an incrementally larger facility size, thereby equipping the company with the financial means necessary to expand its market presence effectively. Moreover, this agreement reflects Republic's commitment to aiding businesses in the lower middle market, ensuring sustainable growth for its clients.

Leadership Insight

Matthew Begley, Chief Operating Officer of Republic Business Credit, emphasizes the importance of understanding client dreams and the needs of their teams. “True leadership involves creating alignment and setting a clear direction. We aim to empower our clients with the necessary tools and confidence to foster long-term profitability,” he remarked. This strategic financing arrangement is poised to support the ambitious growth plans of the ice cream manufacturer, ultimately ensuring a stable financial future with a dependable partner.

Eric Dorner, Senior Vice President at Republic Business Credit, further elaborates on the successful partnership: “This transaction is a testament to our consultative and collaborative approach to financing. It reflects the trust and confidence placed in us by our associates, partners, and clients as we navigate their paths to success.”

About Republic Business Credit

Established as a nationally recognized commercial finance entity, Republic Business Credit specializes in fulfilling the working capital needs of firms across the United States, including those in the private equity and entrepreneurial spaces. With a robust portfolio consisting of offering asset-based lending, ledgered lines of credit, factoring, and Fast AR Funding, the company partners with clients to provide up to $20 million in senior credit facilities. This support extends to emerging companies, start-ups, and those facing recoverable financial strains.

Headquartered in New Orleans, Republic also maintains offices in major cities including Chicago, Los Angeles, Houston, and Atlanta, reinforcing their status as one of the largest finance firms within the United States, as recognized by the Secured Finance Network. Republic Business Credit is a subsidiary of Renasant Bank, committed to fostering growth among businesses nationwide.