Republic Business Credit provided US$3m factoring facility to an Alabama-based business specialising in aerial maintenance and oversight for utility and energy companies. The new funding will be used to refinance its current bank facility and provide additional growth capital.
Based on their accounts receivable, Republic Business Capital, was able to provide more funding compared to their existing facility, which convinced the customer to apply for it. The customer was introduced to Republic Business Capital by Renasant Bank, its parent company.
