Capital Now completed two account receivable facilities for a total of $350,000.
Brief details of the transactions are:
- $50,000 to a general contract company to help it increase its cash flow and allow it to focus more on its business. The company had not heard of receivables finance before and was interested in taking on bigger jobs to grow the company but had cashflow crunches due to payment schedules.
- $300,000 to a Calgary-based reinforcing iron-working company that was looking for assistance on its accounts receivables as its current contract stretched on payment terms. It required assistance in getting cash flow to take on more work. The company was able to increase the amount of work it can take on.