Liquid Capital closed 11 transactions totaling $2.65 million. The transactions comprised:
- a $50,000 factoring credit facility for a design jewelry distributor in Ontario. Funds needed to increase turnaround of the invested capital and payments to supplier
- a $200,000 factoring credit facility to a company in Alberta, funds needed to improve liquidity and cash flow of the company
- a $200,000 factoring credit facility for a manufacturing company in Ontario that builds and repair tolls and heavy machinery. Funds needed to support cash flow, payroll and suppliers payments
- a $400,000 factoring facility for a company that specializes in launching U.S. products in Canada and building brands. Funds needed to support distribution of a vegetarian frozen product line to major grocery store chain
- a $250,000 factoring credit facility for a plumbing supplies distribution center located in Quebec. Funds needed to increase liquid working capital to pay suppliers and bank credit line
- a $500,000 factoring credit facility to a North Dakota company that provides support and maintenance services of oil storage structures and transport vehicles working on oilfield. Funds needed to support and run increasing volume of work orders
- a $200,000 factoring credit facility for a growing transportation company in North Dakota who recently changed status from sole proprietorship to a corporation. Factoring needed to facilitate payroll and expenses associated with rising volume of work
- a $200,000 factoring credit facility to a general trucking company located in South Dakota. Funds needed to support increasing parking of trucks and trailer to bid, and to acquire and service new contracts and orders
- a $100,000 factoring credit facility to a temporary staffing company
- a $100,000 factoring credit facility to a trucking company
- a $450,000 factoring credit facility to an apparel, piece goods and notions merchant wholesaler