Daily News: December 7, 2018

Capital Now Provides $650K in Facilities to Three Clients


Capital Now provided $650,000 in facilities to three Canadian clients in November 2018.

Those clients included:

  • A $200,000 facility to an Alberta-based commercial concrete construction company specializing in design and build construction projects. Th funding will not affect the company’s existing bank credit facility and will be used to cover costs associated with rapid business growth and expansion.
  • A $200,000 credit facility to a construction company in Alberta that works with both residential and commercial projects. The company was referred to Capital Now by an existing client.
  • A $250,000 credit facility to a recently-incorporated consulting company in British Columbia. The company was referred to Capital Now from another factoring company that did not operate in the region.

Capital Now CEO, Gerry Wawzonek, commented, “We make it possible for businesses that sell to other businesses to get paid today, for the work they did today.”