When a 35 year old, privately-owned business decided to search for a new bank they needed a relationship with an institution that was willing to listen to their story, understand their needs and support their growth. They found that and more in Republic Bank.
Republic Bank worked closely with this company to immediately build a plan to ensure they had the financing and financial systems they needed to fuel their growth.
“The team at Republic Bank took the worries out of our cash flow and allowed us to concentrate on our growth. They are a true supporter of our business”.
Ongoing solutions include:
• $300,000 commercial line of credit to support working capital
• Commercial line of credit later increased to $500,000
• $150,000 equipment loan
• $20,000 equipment loan
• Remote Deposit Capture check deposit service
• Equipment loans were also extended to a related company
Contact Peter Sperling, SVP at 630.908.1831