Trade Finance Solutions funded a cross border $3.5 million ABL credit facility to a water and vacuum services provider in the oilfield industry. The company serves customers in Canada and the U.S., with a head office in Alberta and regional offices in Pennsylvania and Texas.
The TFS facility replaced the company’s existing Canadian bank facility and will be used to improve liquidity and facilitate growth.
Karim Habib, TFS managing director, Canada, said, “Closing this transaction validates our position in supporting small and medium-sized companies with their growth opportunities across North America, as we continue to build our presence.”
Founded in 2006, Trade Finance Solutions provides domestic and international financing solutions for growing mid-sized businesses across a wide variety of industries and geographic locations.
