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Republic Business Credit Expands, Appoints VP of Business Development

June 07, 2018, 07:00 AM

Republic Business Credit announced it hired Heather Rachel as VP, Business Development in Minneapolis. This appointment further expands Republic’s Midwestern presence as the company expands its national footprint to provide dynamic working capital solutions throughout the U.S.

Republic Business Credit provides cash flow solutions for companies that are experiencing high-growth or recoverable distress. The New Orleans-headquartered finance company has recently expanded its presence in the Midwest and Southern regions with key, high-level staff appointments. Based in Minneapolis, Rachel will focus on building strategic partnerships and reciprocal relationships throughout the Upper Midwest. Rachel will target entrepreneurs with funding needs up to $10,000,000 across their receivables, purchase orders, inventory and equipment.

“Heather is a proven relationship builder that is well established in the Minneapolis marketplace,” said Robert Meyers, President, Republic Business Credit. “Heather will combine her entrepreneurial experience and her commercial finance knowledge to provide a refreshingly consultative approach for prospective clients.”

Rachel previously worked for two industry leading finance companies providing Asset-Based Lending and Factoring solutions. Rachel was twice an entrepreneur and recently published a new book, “The B.I.G. Plan. A proven process for business owners to adopt for change and growth.”  Heather is a member of the Turnaround Management Association, Commercial Finance Association and former board member of the Risk Management Association.   

“Heather has a strong background engaging customers and finding the correct solution, which compliments our values as we pride ourselves on a people first approach to supporting our clients,” said Stewart Chesters, Chief Executive Officer, Republic Business Credit. “With her determination to add real value to relationships, I know she will represent us strongly in the marketplace.”

Republic Business Credit supports accountants, lawyers, investments bankers and other centers of influence across the United States to create value, strengthen relationships and support successful growing businesses.

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