We continue to see strong activity in the Gulf South region that has continued into 2012, with many of our clients looking to ensure they have the working capital resources in place for upcoming growth.
New Orleans, LA (PRWEB) March 12, 2012
Republic Business Credit is pleased to announce a $2,000,000 receivables purchase line of credit for a Mississippi based equipment distributor.
“We were pleased to assist our client and their bankers in providing a working capital facility for this well established business,” said Allen E. Frederic, Republic Business Credit’s chief executive officer. “We find many banks working to maintain their banking relationship with businesses that may no longer fit their credit parameters. At Republic Business Credit we can use our receivables purchase lines and factoring facilities innovatively to support these transitions while working with the client and bankers to maintain the banking relationship.”
Republic’s strategy is to provide working capital for rapidly growing, turnaround and start-up companies that have annual sales up to $60 million and facility needs of $50,000 to $5 million by utilizing receivables purchase lines of credit and factoring facilities. Republic Business Credit is targeting a variety of industries, including energy, oil and gas, manufacturing, temporary staffing, distribution, transportation, high-tech, safety and security, government contracting, marine, printing, janitorial, and others.
Added Frederic, “We continue to see strong activity in the Gulf South region that has continued into 2012, with many of our clients looking to ensure they have the working capital resources in place for upcoming growth. Our clients recognize our entrepreneurial and responsive approach to be of great value as they utilize our factoring and receivables purchase line of credit facilities to grow their businesses and take advantage of opportunities.”
Interested parties may contact Republic Business Credit, LLC, at 1-866-722-4987.