Republic Provides $750,000 Export Factoring Facility for Northeast-based advertising and marketing company

New Orleans, LA – When a rapidly growing small business was declined by the Export-Import Bank of the United States, they leveraged Republic Business Credit’s export expertise to fund their cash flow. Republic was founded by Stewart Chesters, who emigrated from the United Kingdom in 2001. Republic funded the export receivables to the United Kingdom despite the ongoing uncertainty caused by the latest developments of Brexit. Republic will always aid entrepreneurs that form and create the world’s supply chains that current face challenges from Brexit and a changing tariff landscape.

The company was founded in 2018 by four advertising executives who previously worked for large multinational firms and saw a service gap being offered by larger marketing agencies. The company provides customized digital marketing, advertising, print and experiential solutions for its customers throughout the US and Europe. The company assumed with their backgrounds they would simply get a line of credit from their bank, however, they were declined due to the number of years in business and reliance on United Kingdom customers.

Republic provided a $750k Export Factoring Facility along with helping the company obtain a credit insurance policy that guaranteed the collectability of the receivables. The cashflow of the company struggled with the extended terms, which are becoming more normal by publicly traded and advertising communities. Republic provided the stability, support and growth capital needed to build their company while combating Net 90 day payment terms.

“As as a proud Brit, it is very rewarding when you can help support US companies to export back to my homeland,” said Stewart Chesters, Chief Executive Officer and founder of Republic. “We have several customers that either emigrated to the US or choose to expand their business by exporting goods or services to Europe. We partner with founders and entrepreneurs that want to expand their business without being saddled by the fear or uncertainty of customer location.”