Meritus Capital and Republic Business Credit Launch Channel Partnership
Key Takeaways:
- Partnership will be branded under "Meritus Capital, Powered by Republic Business Credit."
- Supports growth of temporary staffing companies, an important economic indicator.
- Through the Powered by Republic platform, Meritus Capital now offers revolving lines of credit — a new addition to its suite of funding solutions.
- The partnership provides a deeper focus on temporary staffing through Meritus Capital's current and prospective client network built over the past 20 years, enhanced by Republic Business Credit's staffing industry expertise.
The companies share similar core values and a focus on long-term relationship-building with growing businesses. Through the Powered by Republic platform, Meritus will leverage Republic's balance sheet to solve the complex capital needs of clients, often at a lower cost of capital — a significant benefit to clients. The partnership also allows Meritus to add revolving lines of credit to its lineup for the first time. Alongside accounts receivable financing and payroll funding, revolving lines of credit give clients flexible, ongoing access to working capital at scale.
"As a company founded by entrepreneurs, we value partners who bring that same spirit, urgency, and desire to actually understand the businesses they support," said
Both Meritus and Republic have long served staffing clients across the business lifecycle and have marked significant stages of growth and major milestones in the past year. Meritus, specializing in staffing finance since 1998, recently launched Rostyr, a flagship operating system built specifically for staffing firms. Similarly, Republic recently announced Meyers' appointment as CEO as well as key hires to support the organization in its rapid growth.
"As our clients grow, their capital needs to become more bespoke and nuanced," said
Global research firm Staffing Industry Analyst projects robust industry growth given significant transformation across the hiring landscape.
"Temporary staffing is one of the leading indicators of economic health as companies adjust their workforce, and we are proud supporters of the industry," Meyers added.
About Meritus Capital
Meritus Capital is a specialized funding provider serving staffing firms and other growth-focused businesses across
About Republic Business Credit
Now celebrating its 15th anniversary, 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.
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SOURCE Meritus Capital
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