Republic Business Credit, a national commercial finance company offering working capital and accounts receivable management solutions, partnered with an emerging electronic bicycle company. Republic will manage the credit and collections function for the company and provide credit protection services to allow the company to expand sales to new and existing customers while protecting itself against losses.
Republic’s knowledge of the manufacturing industry enabled it to develop a tailored solution that met the company’s specific needs and opportunities for growth.
“I am grateful for the protection this facility gives us,” the company’s founder and CEO said. “Knowing that our receivables are secure allows us to focus entirely on growing our business profitability with the right customers.”
Brian Resutek, senior vice president, Southeast regional manager of Republic, said, “We pride ourselves on a collaborative approach that allows us to tailor the perfect solution for each client. Finding a solution that gives this emerging company the stability and confidence to execute its growth strategy is incredibly rewarding, and we look forward to supporting its success.”
Robert Meyers, president of Republic, added, “Companies operating in dynamic, capital-intensive sectors like manufacturing or transportation often face working capital challenges. Our factoring and back-office solutions are ideal because they immediately convert receivables into stable cash flow, shielding them from the risk of bad debt. This partnership demonstrates our commitment to providing the financial foundation that allows promising businesses to move their vision forward.”
