Republic Business Credit Provides $15 Million Factoring Facility to Temporary Staffing Agency
CHICAGO – Oct. 20, 2026 – Republic Business Credit has provided a $15 million factoring facility to an established Midwestern staffing agency. The funding delivers essential working capital to support daily operations, resolve an unexpected tax liability, and position the Company to execute its long-term growth plans.
The Company specializes in professional services and skilled trades placements for critical industries. Although it boasts nearly a decade of continuous growth, a sudden, unforeseen tax liability temporarily disrupted its operational momentum. Due to rigid traditional lending parameters, the Company’s incumbent bank was unable to expand its credit facility, resulting in a temporary freeze on its line of credit.
Republic recognized the business's solid underlying fundamentals. By leveraging its deep expertise in the temporary staffing sector and a strong relationship with the Company’s previous lender, Republic executed a seamless transaction in less than three weeks with zero disruption to operations and payroll.
"The temporary staffing industry moves at an incredible pace, and our team’s specialized knowledge allowed us to quickly understand the unique cash flow dynamics of this business," said Eric Dorner, Senior Vice President Business Development Officer at Republic Business Credit. "I am extraordinarily proud of the rapid collaboration and expertise that allowed us to fast-track this funding."
Republic’s factoring facility featured a 90% advance rate to cover payroll and payroll taxes, along with a sublimit facility that provided eligible advances on direct-placement accounts receivable. The financing enabled the Company to manage its tax obligations while confidently continuing its growth journey.
"2026 has brought several defining milestones, but this client success truly captures the spirit, passion, and mission of our team," said Robert Meyers, Chief Executive Officer of Republic Business Credit. "Watching them pull together to underwrite and close a facility of this complexity on such an accelerated timeline was remarkable. Our deep sector expertise, culture, and commitment to providing certain execution when middle-market companies need it most set us apart in the commercial finance industry."
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 $20 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.