Factoring is a widely known and accepted form of financing for business. Factoring releases cash from your receivables by discounting invoices and alleviating the pressure of waiting on customer payment. Typically, factoring invoices are typically used to pay suppliers, employees or support growth.

Republic will advance up to 93% on each receivable within 24 hours of invoicing. Republic will provide collection support in addition to funding so you can focus on your business. Once payment is received by your customer, Republic will forward the remaining un-advanced amount to your business.

Our Factoring facilities are designed for start up and high-growth businesses with an annual sales volume of $1 million to $100 million.

What makes Republic different?

Flexible

The amount advanced to you by Republic Business Credit grows directly in line with your sales. You can take advantage of your opportunities. You can focus on taking advantage of those new business prospects, factoring will support growth opportunities.

Focused

We do not look to tie up your personal or other business assets. We focus on the quality of your receivables, not a three-digit credit score. We help many businesses transform their prospects by focusing on the business strengths in its accounts receivable not on its past.

Freedom

Your business can pay its payables and take advantage of settlement discounts, while not having to offer settlement discounts to your customers. You can meet your payroll and address any tax arrears or liens and focus on building your business.

Types of Receivables Advanced Upon

Republic Business Credit purchases receivables sold to other businesses on standard credit terms (up to Net 60). We look for these customers to be creditworthy and have extensive resource and experience in making commercial assessments. We fund receivables in the majority of sectors – manufacturing, staffing, transportation, consulting, advertising, call center services, engineering, oil support, biofuels, training, distribution, food, beverages, distribution, automotive, aviation, most other service sectors etc. The few sectors we do not serve are third-party medical billing, house construction, and progress billing.