Billed Receivable Financing

Billed receivable financing is the most common method of accelerating liquidity and enhancing working capital.  Assume a contractor needs to pay employees, or suppliers, prior to an invoice being paid.  Republic can purchase the invoice at a small discount so the contractor receives their cash more quickly.  The purchase, unlike a loan, is nonrecourse to the contractor and the transaction does not require personal guarantees or the filing of a lien on company or personal assets.  The initial advance on the purchase of an invoice is up to 90% of the invoice amount with the balance, less fees, remitted upon payment of the invoice.

The benefits of selling receivables are numerous. Among other things, the program accelerates cash flow, reduces expensive debt, removes restrictions on use of funds, enhances financial metrics, and unencumbers assets.