Onboarding

Traditional bank loans typically involve a fixed repayment schedule for a fixed loan amount where a personal guarantee is required. Republic offers more flexible solutions:

• Factoring: This isn’t a loan, but an advance on your outstanding invoices. We purchase your invoices, providing you with immediate cash flow, and then collect directly from your customers.
• Asset-Based Loans (ABL): While this is a loan, our ABL options are often more flexible than traditional bank loans, using your company’s assets (like accounts receivable, inventory, or equipment) as collateral to provide a revolving line of credit or term loan tailored to your business needs.

The main difference lies in who bears the risk if your customer doesn’t pay an invoice due to insolvency:

• Recourse Factoring: In this arrangement, if your customer fails to pay an invoice (due to credit reasons), your business would be responsible for covering the advanced amount. Aka Client Risk
• Non-Recourse Factoring: This option includes credit protection. If your customer doesn’t pay an approved invoice due to their bankruptcy, insolvency or financial inability to pay, then Republic absorbs that loss, offering you greater peace of mind. Aka Factor Risk

No, it is not required. (It can improve your financing terms in certain cases)

• Factoring: This is a purchase of your outstanding customer invoices that haven’t been paid. Often you receive an advance between 80-90% immediately, with the remaining once your customer ultimately pays up to 120 days later.  We will provide a notification letter to your customers.
• Asset-Based Lending (ABL): This is a loan secured by your company’s assets. Common forms of collateral include accounts receivable, inventory, machinery, or real estate.  There is no notification of customers.

Yes, when you partner with Republic for factoring, our professional team manages the collections and verification process for the invoices we’ve purchased. This service helps save you administrative time and allows you to focus on your core business, while we handle payment follow-up in a courteous and effective manner.

We strive to get you funded quickly. The initial application process can take as little as one to two business days. Overall, onboarding time for factoring can vary from one to two weeks, while Asset-based lending is typically four to six weeks for a standard transaction.

• Initial Consultation: You’ll connect with our business development team to discuss your financing needs and how Republic can help. Get started now.
• Application & Underwriting: We’ll review your application to understand your business and structure the appropriate facility.
• Legal Documentation: Factoring will generally have a purchase and sale agreement where an Asset-based loan will have a loan and security agreement.
• Verification: This stage involves confirming the details provided, including invoice verification for factoring.
• Funding: Once approvals and documentation are complete, we’ll proceed with your initial funding.
• Account Management: You’ll be introduced to your dedicated account executive who will be your ongoing point of contact for future fundings.

To begin the application process, we generally require:

• A completed application form.
• Collateral Reporting – (e.g. AR Aging, AP Aging, Inventory report)
• Recent financial statements (i.e. balance sheet, income statement)
• Projections (if available)
• Our team will provide you with the correct (reduced or expanded list) depending on what solution what’s best for you, let’s connect today and get started!

Yes, in many cases, Republic can provide same-day funding once your account is fully approved.

Republic serves a diverse range of businesses across most industries. We provide financing solutions for companies at various stages of their growth cycle, including:

• High Growth
• Start-ups (with existing receivables or assets)
• Established Businesses
• Private equity-owned companies
• Specialty Arrangements
  • Leveraged Buy-Outs (LBOs)
  • Mergers & Acquisitions
  • Debtor-In-Possession (“DIP) financing

The best way to start is by visiting our ‘Contact Us’ page on our website, calling our main line at (866) 722-4987 or emailing us at contact@republicbc.com. Our team will then connect you with a Business Development Officer who specializes in your industry or region to discuss your specific needs.

Yes, your customers can pay via credit cards, ACH, wire transfer, or check.

Yes, you can access our client portal from any device with an internet connection, including smartphones and tablets. Our portal is designed to be mobile-friendly for your convenience, allowing you to manage your account on the go.

Yes, our contingency plans are specifically designed to ensure we can continue critical operations, including funding for our clients, even if our New Orleans headquarters is impacted. Our systems and processes are set up to allow for remote and resilient operations, minimizing any disruption to your service.  We have offices in Los Angeles, Atlanta and Chicago to help during significant disruptions.