Daily News: April 24, 2012

Republic Business Credit Closes $1MM of Engineering Company

Republic Business Credit announced a $1 million receivables purchase facility for an Indiana-based engineering and manufacturing company. Proceeds will be used to aid the company’s restructuring plan.

“We work with many established businesses which are no longer a fit for a banking facility, but have viable restructuring plans,” said Stewart Chesters, Republic Business Credit’s chief operating officer. “With our focus on the business