asset based lending freight solutions logistic Republic Business Credit transport USA 11-02-2026Republic Business Credit extends US$8.5m ABL facility to logistic firmRepublic Business Credit (Republic) has closed an US$8.5m asset-based lending (ABL) facility for a Midwest-based, sponsor-backed transport company serving the automotive sector. The financing refinances the company’s existing revolving credit line and provides incremental working capital to support continued operations and expansion amid ongoing industry challenges.The borrower specialises in customised long-haul and cross-border freight solutions, primarily serving leading automotive original equipment manufacturers (OEMs) throughout the United States. Its service offering also includes third-party logistics, warehousing and direct delivery capabilities.In the years following the pandemic, the transport provider encountered a series of headwinds, including a broader slowdown in the freight market, the impact of automotive tariffs and strategic shifts among major automotive manufacturers. In response, the company’s equity sponsor sought enhanced liquidity and greater covenant flexibility under its existing credit arrangements, including the addition of a US$1.25m equipment term loan.Drawing on a prior successful financing relationship with another portfolio company of the same sponsor, Republic Business Credit was engaged to structure a revised facility. The longstanding relationship and demonstrated execution capabilities contributed to a high level of trust between the parties.Republic implemented a covenant structure aligned with the company’s financial projections and supported by the sponsor’s capital commitments. The resulting facility is designed to provide stability through cyclical fluctuations affecting both the transportation and automotive industries, while positioning the company to capitalize on improving market conditions.According to Republic’s senior leadership, the transaction reflects the lender’s commitment to delivering flexible, relationship-driven financing solutions that enable clients to navigate transitional periods and pursue renewed growth with confidence. Management further emphasized the critical role transportation companies play within the broader US economy, noting that the movement of goods across interconnected rail, maritime and trucking networks remains fundamental to national economic activity and GDP growth.Market conditions are expected to improve in 2026, and the company has already reported a return to monthly profitability, supported by newly secured routes and increased shipping volumes across existing lanes.About Republic Business CreditRepublic Business Credit is a nationally recognised commercial finance company that provides working capital solutions to businesses across the United States, including private equity-backed and entrepreneurial enterprises. The firm offers asset-based lending, e-commerce financing, ledgered lines of credit, factoring and Fast AR Funding, with senior credit facilities of up to US$20m for high-growth companies, start-ups and businesses experiencing temporary financial stress.Headquartered in New Orleans, with additional offices in Chicago, Los Angeles, Houston and Atlanta, Republic Business Credit is a wholly owned subsidiary of Renasant Bank and is recognized by the Secured Finance Network as one of the largest finance companies in the United States. #asset based lending
Republic Business Credit (Republic) has closed an US$8.5m asset-based lending (ABL) facility for a Midwest-based, sponsor-backed transport company serving the automotive sector. The financing refinances the company’s existing revolving credit line and provides incremental working capital to support continued operations and expansion amid ongoing industry challenges.The borrower specialises in customised long-haul and cross-border freight solutions, primarily serving leading automotive original equipment manufacturers (OEMs) throughout the United States. Its service offering also includes third-party logistics, warehousing and direct delivery capabilities.In the years following the pandemic, the transport provider encountered a series of headwinds, including a broader slowdown in the freight market, the impact of automotive tariffs and strategic shifts among major automotive manufacturers. In response, the company’s equity sponsor sought enhanced liquidity and greater covenant flexibility under its existing credit arrangements, including the addition of a US$1.25m equipment term loan.Drawing on a prior successful financing relationship with another portfolio company of the same sponsor, Republic Business Credit was engaged to structure a revised facility. The longstanding relationship and demonstrated execution capabilities contributed to a high level of trust between the parties.Republic implemented a covenant structure aligned with the company’s financial projections and supported by the sponsor’s capital commitments. The resulting facility is designed to provide stability through cyclical fluctuations affecting both the transportation and automotive industries, while positioning the company to capitalize on improving market conditions.According to Republic’s senior leadership, the transaction reflects the lender’s commitment to delivering flexible, relationship-driven financing solutions that enable clients to navigate transitional periods and pursue renewed growth with confidence. Management further emphasized the critical role transportation companies play within the broader US economy, noting that the movement of goods across interconnected rail, maritime and trucking networks remains fundamental to national economic activity and GDP growth.Market conditions are expected to improve in 2026, and the company has already reported a return to monthly profitability, supported by newly secured routes and increased shipping volumes across existing lanes.About Republic Business CreditRepublic Business Credit is a nationally recognised commercial finance company that provides working capital solutions to businesses across the United States, including private equity-backed and entrepreneurial enterprises. The firm offers asset-based lending, e-commerce financing, ledgered lines of credit, factoring and Fast AR Funding, with senior credit facilities of up to US$20m for high-growth companies, start-ups and businesses experiencing temporary financial stress.Headquartered in New Orleans, with additional offices in Chicago, Los Angeles, Houston and Atlanta, Republic Business Credit is a wholly owned subsidiary of Renasant Bank and is recognized by the Secured Finance Network as one of the largest finance companies in the United States.