Republic Business Credit has supplied a medical supply manufacturer with a $500,000 factoring facility, immediately improving the company’s cashflow and eliminating the stress of working capital constraints.
The company faced cash flow challenges due to extended payment terms, which often stretched up to 120 days. This is a problem commonly experienced by companies selling to large hospital systems and outpatient medical centers. The $500,000 scalable factoring facility provided advances on up to 90% of the company’s eligible receivables.
“At Republic, we pride ourselves on building strong, lasting partnerships,” Matthew Begley, chief operating officer and board member at Republic, said. “We recognized this company’s critical role in its community and were excited to support its growth. Our team provided a factoring facility that not only stabilized its cash flow but also supports its future.”
The connection came through a valuable referral from an associate familiar with both companies.
“We value our referral relationships immensely, and this introduction was instrumental in developing a fruitful partnership,” Jason Carmona, executive vice president, western regional manager at Republic, said. “This collaboration exemplifies how Republic leverages its network and expertise to provide tailored financial strategies that genuinely empower businesses to thrive.”
