“As a business based and focused on supporting the small to mid sized business sector in the Gulf South, having someone with Kristina’s background and experience in this sector leading our effort in Houston is truly exciting for us.” Stewart Chesters, COO
Houston, TX (PRWEB) July 18, 2011
Republic Business Credit, LLC, a working capital finance firm led by nationally recognized entrepreneurs and serving business clients nationwide, announced today that Kristina Von Woglom joined Republic as Vice-President for their Houston regional office. Von Woglom is a Houston native and specializes in commercial finance products to entrepreneurs and small to medium sized businesses.
“In a market where credit can be difficult for small to medium sized businesses, I am excited to assist these businesses achieve their goals through working capital financing. Republic can help these growing businesses bridge their funding gap and take advantage of the opportunities they have.” Kristina Von Woglom, VP.
Von Woglom, a finance professional with more than a decade of experience in commercial debt, lending and commercial finance, joins Republic Business Credit from American Finasco, a commercial debt management company, in Houston, where she lead a team to build sales and automate processes. In addition, she has worked in Houston as a commercial loan officer for Wachovia Bank and CIT Small Business Lending. Von Woglom received a Bachelor’s degree in Marketing and an Executive MBA with a specialization in Finance from the Bauer College of Business at the University of Houston.
“Our goal is to build a working capital finance operation serving clients nationwide that is recognized as one of the most client-focused businesses of its kind in the country,” said Allen E. Frederic, Jr., Chief Executive Officer. “Kristina is one of the most knowledgeable and experienced commercial finance specialist for small to mid sized businesses in Texas. She is currently meeting with businesses in Houston to demonstrate how greater access to liquidity can support their cash-flow and fuel their growth.”
Von Woglom said that her strategy is to provide factoring, working capital solutions to start up, rapidly growing, and turnaround companies that have annual sales up to $60,000,000 and facility needs of $500,000 to $5,000,000 by utilizing factoring and accounts receivable financing.
“The companies that can benefit from our services are those that sell their goods and services to credit-worthy entities,” Von Woglom said. “Our clients have to pay their employees on time, meet immediate operating expenses and invest in their business stability and growth. However, they may not get paid by their clients for 30 to 45 days; sometimes longer. This situation often creates a cash-flow strain on the company. We can ease this constraint by offering advances against their account receivables, thereby bridging the time gaps, so our clients can meet their obligations and continue to grow worry free.”
Von Woglom will focus on a variety of industries that demonstrate strong operations and growth potential in the Houston market, including energy, government contracting, manufacturing, marine, temporary staffing, transportation, wholesaling and distribution. Republic also will serve clients nationwide that sell to other businesses on credit terms.
“We pledge professionalism, responsiveness, access to senior decision-makers, quality customer service and flexibility,” she said. “Our approach is to deliver the kind of value that our clients expect and deserve.”
Republic Business Credit, with headquarters in New Orleans and additional regional sales offices in Chicago, Dallas and Houston, closed on equity financing from institutional investors earlier this year. In addition, the company closed on the first tranche of senior debt in mid-February, a facility starting at $30,000,000 providing Republic with additional liquidity to extend its outreach to new markets and clients. Additional information is available at http://www.republicbc.com.
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