Republic Capital Access’ Multi-Party Refinancing of Medical Staffing Business Results in Big Savings

Republic Capital Access was introduced to a medical staffing company needing an asset-based working capital facility to finance several large awards.

Complicating the company’s balance sheet were an existing SBA loan and expensive private debt.

Republic arranged for the SBA lender to release their lien on receivables, refinanced the private debt, and put Republic’s receivable financing program in place.

This resulted in annual savings of $75,000 and a stable, predictable working capital facility that can fund the company’s growth for years to come.

“Having the proper capital structure in place often involves several parties, especially as credit markets tighten,” said Republic’s Senior Vice President Matt Stavish. “We are finding that both existing lenders, and customers, prefer Republic’s program due to the lack of liens and covenants, along with the certainty of financing that Republic provides.”