New Orleans-based The Receivables Exchange has been on a tear recently, growing 466% in 2010 and winning the 2011 Emerging Growth Company award from the Association for Corporate Growth. Last week, the company also announced that it is now offering $5,000 per referral to those who introduce eligible businesses to its working capital marketplace. Referral [...]
Last month New Orleans-based Republic Business Credit closed a $30 million senior secured facility with Wells Fargo Capital Finance, part of Wells Fargo & Company (NYSE: WFC). Coupled with its recently announced Institutional capital raise, the first tranche of a $30 million equity raise putting Republic in a strong capital and liquidity position. Republic provides [...]
The New Orleans-based Receivables Exchange, the real-time online marketplace for working capital financing, announced that receivables trading volume on its market-based platform increased 466% in 2010. This nearly five-fold growth indicates that businesses are embracing the Exchange’s online working capital marketplace as a proven method of managing cash flow. The company also announced that businesses [...]
