Credit Facilities
Credit facilities are a type of pre-approved loan which allows your organization to borrow money on an ongoing basis over an extended period of time, rather than applying for a new loan each time you need funding.
Count on us to provide you with prompt and convenient financial services with an accelerated onboarding experience dedicated to the servicing industry. You’ll find everything your business needs:
- Acquisition/expansion loans based on the value of the business
- Working capital lines of credit
- Building and leasehold improvement loans
- Letters of credit
- Sweep lines for cash orders
Above all, you will find knowledgeable experts who understand the business and are dedicated to serving it exclusively.
Generally, our focus is on established retail, storefront, check cashing operations that have related agency services such as wires, money orders, bill payments, etc. We also handle money order issuance for those with the proper licensing. These services are provided in certain states and cities throughout the U.S. If we are not currently servicing your area, please check back as we add service areas as time permits.
Not at the current time. Although our clients may have foreign ownership, there must be a U.S. domiciled presence.
Some of our clientele have ATMs and the ability to accept cash for digital currencies. However, this activity is only on an agency basis and Republic Bank does not handle accounts directly for digital wallet holders or digital currency exchanges. However, please feel free to submit your contact information in case this position changes in the future.
We handle treasury services for most types of lenders although our support is only for those operating under the state model. In addition, short-term, single-pay products are no longer a focus for the MSB Division.
Contact us at 630-635-0955 today, and experience the Republic Bank of Chicago advantage for yourself.
At Republic Bank, our bankers work hard to learn your story and become your advocate.
Get connected with us, and put Chicago’s hardworking bank to work for you today.
