Republic Business Credit Hires Carrillo as Vice President, Customer Credit Manager

Republic Business Credit hired Mary Carrillo as vice president, customer credit manager, in its Los Angeles office. Carrillo brings significant industry expertise to Republic’s ambitious growth plans. She will be leading the customer credit department and its critical role in assessing customer credit risk across the business with a specific focus on apparel, textile, consumer packaged goods, furniture and fashion industries. Carrillo will report directly to Republic’s chief operating officer and board member, Matthew Begley. 

“Several members of the team in our Los Angeles office have known Mary for many years, and we are all thrilled to have such a proven executive on the team,” Begley said.

Carrillo will be influential across the entire business, representing another key addition to Republic’s commitment to the apparel and consumer packaged goods industries following its acquisition of Continental Business Credit in 2019. Republic provides traditional factoring, asset-based lending, ledgered lines of credit, and direct to consumer working capital solutions to high-growth, transition, recoverable distress and early-stage companies.

Before Carrillo joining Republic in January, she spent more than 20 years working in the factoring and asset-based lending industry. Her dynamic career started as a collector and progressed through all operational aspects of commercial finance, including credit, and client management. She served as team leader for a factoring company with offices on both coasts and was directly responsible for all lending decisions of her portfolio.

“It is amazing to rejoin so many colleagues, meet new ones and continue building upon their incredible success at Republic. I feel very fortunate to be joining a growing, diverse and exciting business,” Carrillo said. “Republic is one of the few national commercial finance platforms with an operational presence in California, and it is great to work with people I have known my entire career. I can’t wait to work with all of the brands and entrepreneurs we support together.” 

Republic is committed to helping entrepreneurs and private equity sponsors throughout the country.  Republic supports clients in more than 30 states across its diverse geographic footprint.

“We are excited that Mary is joining us as a proven leader in the customer credit and client service area,” Stewart Chesters, CEO and managing member of Republic, said. Republic Business Credit partners with banks, accountants, private equity sponsors, independent sponsors, lawyers and investment banks to collaboratively support entrepreneurs across the United States, to create value, by enabling them to focus on growing successful businesses.