#United States #New Orleans #National Defense #Republic Business Credit #Asset-Based Loan

Republic Business Credit Fuels National Defense Manufacturer's Growth

In a significant financial move, Republic Business Credit has partnered with a private equity-owned aerospace and defense manufacturer to provide a substantial $3,500,000 asset-based loan (ABL). This financing is set to empower the company to take advantage of the increasing demands in the defense sector and significantly enhance its contributions to global security initiatives.

The arrangement comprises a revolver portion that allows easy access to funds derived from the company's inventory and accounts receivable. Additionally, as part of the closing process, Republic included a $500,000 equipment term loan designed to help consolidate the company's existing senior debt with Republic. This strategic move not only strengthens the manufacturer’s capital position but also streamlines its financial obligations, providing a boost to its operational capabilities.

The manufacturer is recognized globally for its leadership in designing, producing, and distributing essential components used in the aerospace and defense industries. Their product portfolio includes crucial advanced sensors as well as systems and processes, which they supply to over 300 clients worldwide, including the U.S. Department of Defense.

William Kemp, Senior Vice President and Business Development Officer at Republic Business Credit stated, "Balancing the needs of our private equity sponsors with the unique financing requirements of their portfolio companies is vital to Republic's strategy. We tailored this loan facility to maximize flexibility and availability for borrowing to support the manufacturer’s ambitious and mission-critical work."

The asset-based lending service provided by Republic aims to leverage the liquidity present in the company’s working capital assets, enhancing its ability to expand operations and effectively manage its burgeoning contract pipeline.

Matthew Begley, Chief Operating Officer and board member at Republic, emphasized the firm’s commitment to supporting essential businesses crucial for national economic health and security. "We take pride in empowering leaders in global aerospace and defense, allowing them to concentrate on both innovation and meeting their significant backlog of high-priority contracts," he remarked.

About Republic Business Credit

Established as a nationally recognized commercial finance firm, Republic Business Credit offers essential financial support to address the working capital needs of companies across the country, particularly targeting private equity-backed and entrepreneurial ventures. Beyond asset-based lending, the company provides services such as e-commerce financing, ledgered lines of credit, factoring, and fast accounts receivable funding. With the capacity to provide up to $15 million in senior credit facilities, Republic is focused on facilitating the growth of rapidly expanding businesses, startups, and companies navigating recoverable distress.

Based in New Orleans, Republic Business Credit is recognized by the Secured Finance Network as one of the largest finance companies in the United States. In addition to its headquarters, the company has operational offices located in major cities such as Chicago, Los Angeles, Houston, and Atlanta. Notably, Republic operates as a wholly-owned subsidiary of Renasant Bank, further enhancing its credibility and operational reach in the financial landscape.