Republic Business Credit

Republic Business Credit is a factoring company headquartered in New Orleans, Louisiana with offices in Chicago, Los Angeles and Houston. We add value to our clients and focus our services on the many years of experience we have in commercial finance.

We have experience running businesses, so we know the importance of speed, responsiveness, and flexibility. We fund receivables in many industry sectors including manufacturing, staffing, transportation, advertising, oilfield services, distribution, food, beverages, automotive, aviation, and most other service sectors.

Republic Business Credit provides these invoice factoring benefits:

  • Receivables management
  • Credit support
  • Same day funding
  • No monthly minimums

Republic Business Credit has people at its center and their extensive experience in commercial finance is the expertise that allows us to deliver fast, flexible and real-world decision making.

Industries Served:

Featured Services:

24 Hour Funding:
Yes
Collection Services:
Yes
Credit Services:
Yes
Digital Invoice Processing:
Yes
Online Reporting:
Yes
Non-recourse Factoring:
No

Terms of Service:

Application and Start-up Fees:
Due diligence fee covers searches and UCC filing - typically $500, but ranges based on number of entities, number of owners, etc.
Contract Length:
Typically 12 months
Cancellation Fee:
1% of facility amount, varies by deal
Monthly Minimum:
No
Factor All Invoices:
Yes
Reserve Availability:
Typically 1 to 3 business days after we receive payment from the customer.
Additional Fees:
$25 wire fee, $15 ACH fee
Eric Dorner of Republic Business Capital
Eric Dorner
VP Sales
847-696-6445

General Information:

Year Founded:
2010
No. Employees:
11-50
Associations:
International Factoring Association, Turnaround Management Association, Commercial Finance Association, Association for Corporate Growth
Address:
201 St. Charles Ave., New Orleans, LA
Other Office Locations:
Chicago, Los Angeles, Houston

Financial Information:

Minimum Credit Facility ($):
150,000
Maximum Credit Facility ($):
10,000,000
Advance Rate (%):
80-90%
Other Types of Financing:
Asset Based Lending
201 St. Charles Ave., New Orleans, LA