Republic Business Credit announced it has hired Eric Dorner as VP, Business Development. The new appointment further strengthens the company's Midwestern presence as it expands its sales team to provide working capital solutions across the U.S.
Republic Business Credit provides cash flow solutions for companies that are experiencing high-growth or recoverable distress. The New Orleans-based company has recently further expanded in the Midwest and West Coast regions with key, high-level staff appointments. Based in Chicago, Dorner will raise awareness of Republic Business Credit in the Midwestern region and drive new relationships, supporting businesses that need cash flow funding ranging from $250,000 to $10 million.
“Eric is a proven sales leader who is well-established in the Midwest marketplace,” said Robert Meyers, Chief Commercial Officer, Republic Business Credit. “He is an exceptionally results-driven professional who takes the time to fully understand a business’ needs and apply the funding solution that best supports their future plans. He will be instrumental in building our reputation in the region and we are excited to have him on the team.”
Prior to joining Republic Business Credit, Dorner worked for Bibby Financial Services. Initially supporting existing client relationships through monitoring collateral and assisting with client fundings. Later he quickly excelled transitioning into a sales role; winning Sales Rookie of the Year in 2012 , and a top three nationally recognized producer in 2013 and 2014. Dorner is currently a co-chair for the Midwest Chapter of the Young Professionals Committee for the Commercial Financial Association and the co-chair of the Entertainment Committee for the Chicago Chapter of the Turnaround Management Association.
“Eric has a solid understanding of the customer experience due to his operational background. Being focused on client satisfaction complements our values, as we pride ourselves on having a people-and-customer-first approach to supporting our clients,” said Stewart Chesters, President, Republic Business Credit. “Intermediaries and introductory sources have the peace of mind of knowing that we deliver on our promises and put our customers at the center of our decision-making.”
Republic Business Credit provides flexible working capital solutions to help rapidly growing businesses, start-ups, and companies in turnaround or recoverable distressed situations. Winner of the 2015 Emerging Growth Company of the Year award from the Louisiana Chapter of the Association of Corporate Growth, the Republic Business Credit team has the expertise necessary to meet the nuanced financial needs of companies across a wide variety of industries. It provides factoring and asset-based facilities, including ABL, receivables purchase lines of credit, inventory, equipment, and purchase order lines. Since its founding in 2011, Republic Business Credit has provided over $1.2 billion in fast, flexible working capital.
The company is led by Allen E. Frederic, Jr., CEO, a 40-year banking and finance veteran in New Orleans; Stewart Chesters, an English transplant to New Orleans who has led commercial finance companies on both sides of the Atlantic; and Robert Meyers, a new business leader previously with Bibby Financial Services in Chicago and Los Angeles.