Daily News: April 30, 2012

Maxium Financial Opens A/R Financing, ABL Group

Paul McLean, and Daryl MacLellan announced Maxium Financial Services has added an Accounts Receivable Financing and Asset-Based Lending Group to their organization. Martin Rees has been appointed director of the new group and will be responsible for its business development activities reporting to Daryl.

Maxium Financial Services Inc. is one of Canada’s largest, privately-held financing companies with a portfolio of over $700 million with more than 30,000 customers.

Founded in 1993, Maxium offers financing by identifying and refining customized financial solutions that respond directly to the specific needs of each customer.

Through its new asset-based lending and accounts receivable financing group,
Maxium will provide sector specific lending expertise to a variety of industries through flexible accounts receivable financing facilities and lines of credit from $25,000 to $50 million.