Ledgered Line of Credit
Unique Borrowing Base that includes advances for unbilled receivables, inventory, equipment and seasonal overadvance
Apply NowUnique Borrowing Base that includes advances for unbilled receivables, inventory, equipment and seasonal overadvance
Apply NowLedgered Line of Credit blends the clarity of purpose with the flexibility you require to grow your business. We combine the necessary clarity and quick responses to replace a traditional loan. Similar to a line of credit, it provides advances against your outstanding accounts receivable. Typically, our ledgered line of credit will provide greater borrowing ability than a traditional loan, as it scales with your business.
In addition to funding your receivables, we also provide availability against your inventory, equipment and confirmed purchase orders. Additionally, we can provide seasonal overadvances and unbilled facilities to support payroll and supplier needs.
You choose the amount you draw based on your needs to manage suppliers, employees or invest in new business opportunities. Pricing is transparent and straight-forward. Republic Business Credit provides several different options such as a service fee, collateral management fee or a funding fee on the drawn amount. We generally charge only on the advanced and we don’t have any lockbox or hidden fees. Our Ledgered Line of Credit facilities are designed for established and growing businesses with an annual volume of $5 million to $100 million.
A simple service fee on your invoices, and a prime plus based rate on sums advanced.
Non Notification to your customers.
Unlike other receivables financiers and factors, Republic does not make you wait for the benefit of A/R collections. There is no weekly ‘cash reserve’ release. Cleared funds reduce your borrowing base daily and can be advanced daily.
You pay for what you use. Business is not always predictable, and we understand the ups and downs. With our prime plus based rate, you can reduce your costs by only paying on funds advanced to you.
Republic Business Credit purchases receivables sold to other creditworthy businesses on standard credit terms. We fund invoices across most industries including manufacturing, staffing, transportation, consulting, advertising, call center services, engineering, oil support, biofuels, training, distribution, food, beverages, distribution, automotive, aviation, and most other service sectors. The few sectors we do not serve are third-party medical billing and building construction.
Our Ledgered Line of Credit facilities are designed for established business with an annual sales volume of $10 million to $100 million.