Traditional Factoring
Non-Recourse Traditional Factoring combines the flexible funding of a non-recourse facility traditional factoring with the credit protection of your receivables. We take on the credit risk for approved customers.
Apply NowNon-Recourse Traditional Factoring combines the flexible funding of a non-recourse facility traditional factoring with the credit protection of your receivables. We take on the credit risk for approved customers.
Apply NowTraditional factoring facility combined with the comfort of credit approval and protection for your receivables. Our non-recourse product enables our clients to transfer the credit risk of their customers to Republic Business Credit. Traditional Factoring is often used by businesses in specific industries such as, apparel companies, accessory companies, electronic distributors, textile manufacturers, furniture manufacturers, food and beverage manufacturers to reduce payment risk.
Republic offers the traditional factoring facility in combination with inventory advances and confirmed purchase order advances. In addition to funding, Republic provides collection and receivable management services. Some clients need to leverage their ecommerce and retail cashflow by adding our on Direct to Consumer product.
Not all businesses have the need to borrow on its receivables and inventory, so Republic can structure collection only facilities that still provide comfort of credit protection.
Our Traditional Factoring facilities are designed for established business with an annual volume of $5 million to $100 million.
A simple service fee on your invoices for the service, and a prime plus based rate for sums advanced or a choice of an all-inclusive discount rate.
Have the comfort that your invoices to your approved customers are protected against the insolvency of 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.