Republic Business Credit partnered with an award-winning millennial founder, whose creative marketing company has achieved tremendous success partnering with Fortune 500 companies.
The Midwest-based company was founded a few years ago with the mission of combining design talents with a new vision for clients’ customers, combining creativity and excellence into a unique experiential-based design.
Republic was referred in by a regional investment bank that sought a technology savvy factoring partner for its client. It provided a $3 million selective invoice factoring facility that supported the company’s growing working capital requirements.
The company only factored their larger and slower paying customers that were traditionally viewed as their best customers, but this caused the business cash-flow challenges due to the slower invoice payment terms. Republic was willing to extend eligibility to 120 days on several customers to create availability and further help ramp their sales goals in 2019.
“Millennial-owned entrepreneurs are demonstrating success outside of the typical Silicon Valley darlings you read about in the Wall Street Journal,” says Robert Meyers, Republic president. “As a millennial owner that partnered up with a Gen X’er in Stewart Chesters, we are proud to support businesses on the cutting edge of their respective industries regardless of the generational stigma thrust upon them.”
Republic Business Credit provides flexible working capital solutions to help rapidly growing businesses, start-ups, and companies in turnaround or recoverable distressed situations. It recently won the Emerging Growth Company of the Year award from the Louisiana Chapter of the Association of Corporate Growth, and the FactoringClub’s Best Factoring Company Award for 2018.