Republic Supports Southwestern Oil & Gas Services Company with $4 million Working Capital Facility -, GA News Weather & Sports

Republic Supports Southwestern Oil & Gas Services Company with $4 million Working Capital Facility


This article was originally distributed via PRWeb. PRWeb, WorldNow and this Site make no warranties or representations in connection therewith.


Republic Business Credit funds growth with receivables line of credit facility

New Orleans, LA (PRWEB) August 20, 2014

Republic Business Credit announced today that it is supporting a Southwest based energy sector fabrication and repair service business with a $4 million accounts receivable facility to foster the companys continuing growth.

The business had a long term banking relationship but was constrained in its growth by bank covenants. Republic Business Credit provided a covenant free structure combined with an availability increase to assist the business in attaining its goal of growth.

Although our clients previous banking relationship had been previously productive for them, its terms limited the business ability to grow, said Stewart Chesters, Republic Business Credits chief operating officer. We worked with the business to ensure it had the capability to pursue its opportunities without any restrictive covenants. With a management team that understands and has a long tenure working with oil and gas service businesses, Republic is able to assess and respond positively to the needs of its many clients in this sector.

Republic Business Credit provides asset based facilities, including ABL, receivables purchase lines of credit and factoring facilities, inventory, equipment and purchase order lines to provide working capital for rapidly growing, turnaround and start-up companies. Facilities can range from $100,000 to $10 million.

Republic Business Credit is targeting a variety of industries, including energy, oil and gas service companies, apparel, manufacturing, temporary staffing, automotive, distribution, transportation, food distribution, safety and security, government contracting, marine, printing and others.

For the original version on PRWeb visit:

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact

Powered by WorldNow

1909 Wynnton Road
Columbus, Ga. 31906

FCC Public File
EEO Report
Closed Captioning

All content © Copyright 2000 - 2014 Worldnow and WTVM. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.