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Receivables Assistance

Bridge the gap between preparation and payment with our Receivables Assistance Programs!

  Receivables Assistance Programs
Receivables Assistance Program (RAP)1
  • Get up to $250,000.
  • Receive 50% of tax prep fees when filing season begins2.
  • Start paying back your balance plus a 3% origination fee once funding begins.
  • Open to new and existing EROs.
preseasonRAP
  • Republic Bank will provide an advance payment in early December to approved EROs.
  • Once funding begins, we will withhold 50% of your tax prep fees to pay back your balance plus a 4% origination fee.
  • Starting in late fall, sign up through the Tax Information Center (TIC) to apply.
  • EROs with prior Republic Bank experience can apply for preseasonRAP.

With one or both of our programs, you'll be able to:

  • Cover office expenses.
  • Pay your employees.
  • Advertise to new and existing customers.
  • Update computers or software.

 

 

1 Receivables Assistance Programs (RAP) are only available for EROs whose tax software partner sends Republic Bank taxpayer IRS e-file information.  EROs signed up for either RAP option is charged an origination fee on each dollar loaned that is paid from tax preparation fee disbursements.

2 If enrolled in both programs, in-season RAP advances would begin once your tax preparation fees submitted are twice the preseasonRAP amount advanced.

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