Daily News: September 4, 2013

Republic Business Credit Closes Second Round of Financing

Republic Business Credit said it received an additional $15 million in equity financing from its existing group of institutional investors.

“We are excited to have completed this additional financing which confirms the confidence and continued support of our investors,” said Allen E. Frederic, Jr, Republic Business Credit’s chief executive officer. “This will support our continuing drive for growth in our portfolio and future acquisitions embedding our position as a leading commercial finance company. This also supports the expansion of our product range, like the recent addition of asset-based lending, ensuring that our clients have the working capital tools they need to grow their business.”