Daily News: July 19, 2012

Republic Business Credit Appoints Hubert as VP, Sales

Republic Business Credit, LLC announced the appointment of Candice Hubert, Houston resident and career banking professional, to lead its new business activities in Houston and the south Texas marketplace.

Hubert, a vice president with over 12 years of experience in banking and commercial finance, joined Republic Business Credit from Chase Bank where she developed an extensive and broad background in Business Banking. Hubert holds a B.A. in Business Management.

“I have also enjoyed engaging business owners over their working capital needs and finding the right solution for them,” said Hubert, “That is why I am excited to be working with the team at Republic Business Credit and my banking industry colleagues as they find solutions for growing or restructuring businesses where a traditional banking line may not be the right fit.”

“Republic has receivables finance and factoring operations serving clients nationwide and is recognized as one of the most client-focused businesses of its kind in the country,” said Allen E. Frederic, Jr., chief executive officer. “Candice’s extensive network, knowledge and experience in banking excites us as we look to extend our presence in Houston and South Texas. We know she can work well with her banking colleagues and peers in helping businesses with their working capital needs.”

“The companies that can benefit from our services are those that sell their goods and services to credit-worthy entities,” Hubert said. “Our clients have to pay their employees today, meet immediate operating expenses and invest in growing their businesses but their own customers most often pay invoices in 30 to 45 days, sometimes longer. We can offer advances against accounts receivable to bridge these funding gaps so our clients can meet their obligations and continue to grow.”

Hubert will focus on a variety of industries in the Houston market, including energy services, distribution, temporary staffing, manufacturing, government contracting, consulting and technology. Republic also serves clients doing business in many other areas that sell to other businesses on credit terms.

Republic provides working capital for rapidly growing, turnaround and startup companies that have annual sales up to $60 million and facility needs of $50,000 to $5 million by utilizing receivables purchase lines of credit and factoring facilities coupled with inventory and equipment facilities where required.