Republic Business Credit Powers IT and Light Industrial Staffing Firm with $3,000,000 Factoring Facility

Republic continues to expand its focus on the temporary staffing industry with latest partnership.

NEW ORLEANS, June 24, 2025 /PRNewswire/ -- Facing traditional industry challenges associated with cash flow and rapid growth, a prominent staffing firm partnered with Republic Business Credit to support its national retail expansion.

Republic partnered with the entrepreneur-led staffing agency to provide a $3,000,000 factoring facility, which included an $800,000 unbilled advance to bridge the mid-month gap between its employees' weekly payroll and customers' monthly invoice cycle.

Republic's tailored solution provided up to 90% advance on accounts receivable combined with an advance of 70% on unbilled receivables that were earned but not yet invoiceable. Republic's robust support for unbilled receivables directly addressed all the company's payroll needs amid its rapid growth.

This flexible structure allowed the client to significantly reduce its existing debt burden while immediately onboarding three new Fortune 100 clients. This strategic partnership highlights Republic's expertise in providing flexible, high-impact financing that fuels expansion for its partners across the dynamic staffing industry.

Eric Dorner, VP, Business Development at Republic, shared, "This isn't just a factoring solution, it's a partnership that has enabled our client to nearly double its revenue and amplify its reach across the national IT and light industrial temporary staffing space."

As a direct result of Republic's support, the company secured its financial freedom and is well-positioned to earn a projected $26,000,000 in 2025, solidifying its position as a competitive, trusted player in the industry.

"We understand the unique demands of entrepreneurial industries like IT and light industrial staffing, where talent acquisition and timely payroll are paramount for future success," said Robert Meyers, President of Republic. "Our ability to structure a facility that included a substantial unbilled accounts receivable component, alongside a high advance rate, was key. Our goal is to precise financial tools that allow innovative companies to seize opportunities and scale without cash flow constraints."

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. 

SOURCE Republic Business Credit, LLC