BridgingFactor Provides $1,500,000 Accounts Receivable, Inventory and SR&ED Facility to Auto Parts Manufacturer
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 06/21/13 -- BridgingFactor Inc. recently provided a $1,500,000 accounts receivable, inventory and SR&ED facility to a manufacturer of automotive parts located in Southern Ontario.
Kevin Westfall, director at BridgingFactor commented, "Having recently developed new technology with patents pending, the company is experiencing rapid growth and required more working capital than their bank was able to provide." Westfall continues, "They are an acquisition target, but chose our debt solution to allow them time to increase their growing EBITDA prior to considering a sale of their business."
BridgingFactor provides funding in both the Canadian and American markets. Its product portfolio includes factoring / receivable finance, purchase order and inventory finance, as well as term financing secured by fixed assets. For more information on BridgingFactor, visit .
BridgingFactor is your bridge to cash flow freedom!
Contacts:
BridgingFactor Inc.
Kevin Westfall
Director
(416) 644-6444
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Datum: 21.06.2013 - 07:03 Uhr
Sprache: Deutsch
News-ID 1239112
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TORONTO, ONTARIO
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Commercial & Investment Banking
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