CHICAGO, Feb. 12, 2019 /PRNewswire-PRWeb/ -- Republic Business Credit leapt into the technology forward experiential marketing realm by partnering with an award winning millennial founder that has achieved tremendous success partnering with Fortune 500 companies. The company combines 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.
The creative marketing company was founded a few years ago with the mission of combining their design talents with a new vision for their clients' customer. The company transforms a traditional marketing campaign into an unforgettable experience.
Republic provided a $3.0 million selective invoice factoring facility that supported their growing working capital requirements. The company only factored their larger and slower paying customers that are traditionally viewed as their best customers, but 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, President of Republic. "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 supports banks, investment banks, private equity, accountants, lawyers and consultants across the United States to create value, strengthen relationships and provide complementary services to entrepreneurial businesses. Republic is proud to support entrepreneurs across all ages, backgrounds and experience levels to realize their dreams.
---Boilerplate---
Republic Business Credit provides flexible working capital solutions to help rapidly growing businesses, start-ups, and companies in turnaround or recoverable distressed situations. Winner of 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, the Republic Business Credit team has the expertise necessary to meet the nuanced financial needs of companies across a wide variety of industries. It provides receivables finance, factoring and asset-based facilities, including ABL, receivables purchase lines of credit, inventory, equipment and purchase order lines. Since its founding in 2011, Republic Business Credit has provided over $3.5 billion in fast, flexible working capital.
SOURCE Republic Business Credit, LLC
Share this article