Republic Business Credit Powers IT and Light Industrial Staffing Firm with $3,000,000 Factoring Facility

Whats Happening:

Republic Business Credit has partnered with a prominent staffing firm to provide a $3,000,000 factoring facility, including an $800,000 unbilled advance. This strategic move supports the staffing agency's national retail expansion and addresses cash flow challenges associated with rapid growth in the IT and light industrial temporary staffing sectors.

Key Moves:

• Republic provides $3,000,000 factoring facility to staffing firm

• Facility includes $800,000 unbilled advance for mid-month payroll gap

• Partnership enables staffing firm to onboard three new Fortune 100 clients

By The Numbers:

• 90% advance on accounts receivable

• 70% advance on unbilled receivables

• Staffing firm projected to earn $26,000,000 in 2025

Key Quotes:

• "This isn't just a factoring solution, it's a partnership that has enabled our client to nearly double its revenue and amplify its reach across the national IT and light industrial temporary staffing space." - Eric Dorner, VP, Business Development at Republic

• "We understand the unique demands of entrepreneurial industries like IT and light industrial staffing, where talent acquisition and timely payroll are paramount for future success." - Robert Meyers, President of Republic

Bottom Line:

Republic Business Credit's tailored $3,000,000 factoring facility demonstrates its expertise in addressing the unique financial challenges of the staffing industry. By providing flexible financing solutions, including advances on unbilled receivables, Republic enables its client to significantly reduce debt, onboard major new clients, and position itself for substantial revenue growth in 2025.

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