We offer a variety of financing approaches for every type of company, stage of growth, industry and requirement. Rely on us to recommend and arrange the best options, individually or in combination, to maximize your growth, cashflow, profitability and risk mitigation. Our solutions can be on or off-balance sheet, short-term or long-term, may not require personal covenants and can be from $25,000 to $20 million.
Bridge funds to grab opportunities or overcome challenges.
Funds to pay for resources to fulfil your orders.
Maintain your cashflow and increase production and profits.
Funds to pay for resources to fulfil your orders.
Loans and leases to acquire the equipment your business needs.
Funds to pay for resources to keep your trucks running.
Working capital to support payroll intensive business.
Everything needed for successful international purchases.
Mortgage loans for industrial or commercial real estate.
Give better terms to suppliers in exchange for discounts and service.
Immediate advances of your credit card sales.
Unlock cash from your company’s innovations.
Risk mitigation – trade credit insurance on foreign and domestic receivables.
Non-recourse – no personal guarantees required.
Off balance sheet financing – your financials areunimpaired.
Invoice collection services included – never worry or fuss about receivables payments again.
Boost cashflow – the funds you need immediately available.
Improve profitability – handle more business and grow to match your orders.
Facilitate order fulfilment – the cash you need to guarantee production.
Funds to pay dividends and bonuses – finally have your business pay you.
Qualify for new business – your customers want to know you can deliver.
Conduct foreign trade – full support for import and export.
Facilitate acquisitions – extra liquidity to allow strategic growth.
Pay outstanding debt – keep up-to-date with payroll, taxes, loan and lease payments.
An automotive electrical connector company, attending a bidder’s conference, had an opportunity drop into their lap. A recreational vehicle manufacturer was offering a multi-year contract to produce custom designed wiring systems. The company would need to make immediate and substantial expenditures in new designs and equipment. It would also have to guarantee just-in-time delivery of the systems. To fulfil this significant and profitable contract, it would need to find about $560,000 in working capital and ensure constant cash flow, despite a provision for 90-day payment of invoices. The Company had fully allocated its original “friends and family” investment capital and was not able to negotiate a bank loan or line of credit.
Based on the initial contract and production and payment schedules, provided purchase order financing of $420,000. The company, further decided to factor its existing outstanding account receivables to achieve the remainder of the funds needed to complete design and begin production. Using the future invoices from the new customer, with 90-day payment terms, as collateral, the company was provided with an operating line to maintain positive cash flow through production and delivery, a requirement of their contract. This opportunity, and the finance solutions allowing it to take advantage of it, increased the company’s annual profits by 165%, in the first year alone. An added benefit is that the factor financier takes care of collecting the company’s accounts receivables, relieving it of that chore and eliminating worry, effort and risk.
Don’t let a lack of capital or cash flow rob you of opportunities to grow your business.
An Ontario based trucking company, serving the wholesale food industry, was suffering from cash flow problems. The COVID induced slowdown had dried up its cash reserves, needed to pay for payroll, taxes, HST payments, truck maintenance and fuel charges. Given its financial state, bank financing was not available. Transport invoices took sometimes up to 120 days to be paid, while operations requiredimmediate expenditures for fuel and payroll. At anytime, the company had over $28,000 per month, in outstanding freight bills, to be paid by its regular customers.
A freight factoring facility was established to credit all waybills and invoices immediately, along with a contingency fund for unexpected emergencies. Completed waybills are photographed or scanned and electronically submitted, on the road, to credit debit cards and bank accounts. As added benefits, the facility also provides automatic credit and background checking of customers, special fuel discounts and an automatic receivables collection service. The company immediately became cash flow positive and was able to pay back charges, maintain its fleet and operations and even expand its business. Facilities are also available for leasing or purchasing additional trucks and equipment.
Freight factoring not only helps when the road is tough but also smooths out cash flow and provides important working capital and benefits.
A high-end jewellery design and manufacture company found a way of generating significant competitive advantage and improved profitability. The firm realized the benefits of being able to pay wholesalers in cash for the diamonds and coloured gems needed for their creations. By paying immediately, rather than the normal 30 to 60 days, the company was not only able to have first pick of the best stones and but also earned an 8.5% discount on prices.
Reverse factoring provided the jeweller with an active line of credit based on its purchases, with which it can pay for its suppliers up front. Instead of traditional factoring, where outstanding accounts receivables owed are financed, reverse factoring provides financing for buyers to pay their suppliers invoices more quickly. Reverse factoring may also be considered “off-balance sheet” financing and, therefore, does not impair the company’s ability to get traditional bank loans, for other requirements. While this form of financing costs the firm approximately 4% of the value of each purchase, the net savings, after the cash discount, represented a 4.5% financial gain. Add to this, the obvious benefits of the first choice of a limited supply of quality gems, and the benefits to the health and growth of this multi million-dollar business are substantial.
Alternative business financing is not just for typical or emergency situations but can be employed as a creative strategy to help your business take advantage of opportunities andfind more revenue.
A Canadian importer found a unique product line of high-end furniture, made in Brazil. To have this furniture manufactured and imported to Canada, the importer needed to provide a substantial payment guarantee and ultimately pay for the goods before they would be released for overseas shipment by container. These financial and banking requirements seemed prohibitive to doing of the venture.
Using a combination of bank letter of credit, asset-based lending and factoring, the importer was able to accomplish her goals. An interbank arrangement provided a letter of credit that gave the manufacturer sufficient comfort to proceed. Once the furniture was ready to be shipped, the importer was provided with financing for 90% of the wholesale value of the shipment, along with transit insurance coverage. The importer had already procured pre-orders for the furniture and, once the furniture was delivered to his retail customers, she was able to obtain factor AR financing for 90% of the retail value. The importers total cash outlay for the entire transactional chain was relatively small and manageable, about 14% of the retail value of the furniture, while the margin was over 70%.
Difficult import and export deals can be reliably executed with the help of a combination of services and financial facilities, leading to substantial net benefits.
We are a one-stop source of domestic and international bespoke financing solutions for your enterprise. Out team has success across the entire spectrum of SME financing and capital acquisition.
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