A well-established Atlantic family owned transportation company operated without bank financing due to a prior restructuring 10 years ago.

The company is profitable and elected to expand into the Alberta oil patch servicing heavy equipment.  Their working capital was depleted during the expansion and revenues exceeded their expectations resulting in cash flow challenges.  A further expansion into the Atlantic region also proved successful.  However, working capital was also impaired as a result of high receivables and no bank support.

The company fell behind on CRA remittances and approached TCE Capital for an operating line to pay CRA and bring suppliers current.  A $1 million operating line and a $400,000 Demand Loan as a standby facility was approved and disbursed.

The client was referred to TCE Capital by a government agency.

$880,000 Term Loan

An Ontario based retailer had the opportunity to acquire 5 retail stores in the Maritimes from a bankruptcy.

TCE Capital was approached to provide funding for the acquisition, remodelling costs and additional inventory.

Background security was available to allow TCE Capital to provide a firm Terms Letter in the 48 hour window available to meet all Court and other deadlines.

The acquisition went smoothly with limited disruption to their retail Maritime client base.  Our client has expressed their appreciation for both the speed and quality of TCE Capital’s financial solution.