Republic Business Credit worked through the winter holiday season to fund a $750,000 factoring facility for a Northeast business consulting agency, which specializes in helping technology companies optimize revenue and operational efficiency.
“We needed to fund our largest payroll within a week and had to do so prior to the end of the year,” the founder of the company said. “Republic partnered with us through the holiday season to meet our needs when other factoring companies said they couldn’t do it that quickly.”
Republic structured a flexible recourse factoring facility with a 90% advance rate on accounts receivables, enabling the company to effectively manage and accelerate its cash flow. The company can now fully support its ongoing payroll needs with confidence, while pursuing future expansion opportunities.
“Our team understood that this business model would work because the company had been operating for over 20 years,” Eric Dorner, vice president of business development at Republic, said. “With that long-term success in mind, we were able to offer a flexible, competitive financing solution that will support the company’s continued growth.”
The company’s executives expect that this financing will allow it to exceed its 2025 goals by more than 25%.
“We’re thrilled to partner with such a promising firm in the technology consulting space,” Robert Meyers, president of Republic, said. “Our ability to meet the company’s deadlines exemplifies our commitment to supporting businesses with innovative financial solutions that drive success.”
