Republic Business Credit partnered with a leading turnaround consultant to refinance an underperforming bank loan with several pending growth opportunities
Republic Business Credit partnered with a leading turnaround consulting firm to support a 28-year-old commercial printing company that was being managed by a bank special assets group. Republic agreed to an inter-creditor with the incumbent lender in order to help reduce the pressure of the heavy debt burden and provide growth capital for the company to take on new customers. Republic was brought in by the turnaround consulting firm because of its leading reputation within the Turnaround Management Association and its ability to support corporate renewal efforts.
The printing company needed a partner that understood the complexities of an evolving industry as they worked to balance the conversion from print into digital product offerings. The company suffered a set back after an unsuccessful acquisition erased their cash flow from operations during their transformation. They needed a funding partner that could quickly work with several third parties to implement their growth plan.