Republic Business Credit announced the acquisition of the receivables finance and factoring clients of Greystone Commercial Services based in Dallas.

“Today’s announcement is a reflection of Republic Business Credit’s growth strategy and our continuing expansion in the asset-based lending and working capital finance market in the United States,” said Allen E. Frederic, Republic Business Credit’s chief executive officer.

“We are excited to have the opportunity to continue the excellent services provided by Greystone Commercial Services to this diverse, growing portfolio of entrepreneurial businesses.”

Greystone Commercial Services is an affiliate of a financial services and private investment group who decided to sell its factoring portfolio to Republic Business Credit so it can focus on its mortgage lending businesses. "We believe our factoring clients will be in good hands and we are confident that Republic Business Credit will continue to provide the excellent services that our clients were used to," said Curtis Pollock, chief operating officer for Greystone.

Republic Business Credit is a leading commercial finance company providing asset-based lending and receivables finance facilities to mid-sized growing businesses throughout the United States. The company is headquartered in New Orleans with regional offices in Chicago, Houston and Birmingham.