Temporary Staffing Company Receives $6.75 Million Asset-Based Loan from Republic Business Credit [Yahoo! Finance]
Renasant Corporation (RNST)
Last renasant corporation earnings: 4/28 05:30 pm
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Source: Yahoo! Finance
NEW ORLEANS April 17, 2024 /PRNewswire-PRWeb/ -- Republic Business Credit provided a $6.75 million asset-based loan to an award-winning temporary staffing company that outgrew its current bank lender. The Tennessee -based company provides staffing solutions for light industrial, administrative, information technology, and essential healthcare workers. It has more than 30 locations nationwide, has been in business for more than 25 years and is owned by its employees and management team. The company's long-time, existing lender reached out to Republic's parent company, Renasant Bank, when it was clear the company would need increased working capital that traditional lending could not accommodate. The company was experiencing cashflow challenges due to inconsistent customer demand combined with staffing recruitment shortages. Temporary staffing is a leading economic indicator. With historic low unemployment and rising interest rates, companies often prefer temporary hires over full-
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News
- Renasant Co. (NASDAQ: RNST) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Renasant Corporation (NASDAQ:RNST) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Renasant's (NYSE:RNST) Dividend Will Be $0.22 [Yahoo! Finance]Yahoo! Finance
- Here's What Key Metrics Tell Us About Renasant (RNST) Q1 Earnings [Yahoo! Finance]Yahoo! Finance
- Renasant (RNST) Q1 Earnings and Revenues Surpass Estimates [Yahoo! Finance]Yahoo! Finance
RNST
Earnings
- 4/23/24 - Beat
RNST
Sec Filings
- 4/29/24 - Form 8-K
- 4/25/24 - Form 8-K
- 4/24/24 - Form 4
- RNST's page on the SEC website