Capital Now Provides $100K Credit Facility to Steel and Rebar Supplier in Calgary, AB

Capital Now provided a $100,000 credit facility to a steel and rebar supplier. The Calgary-based company rebranded in the middle of the COVID-19 pandemic, which left the company ineligible for government assistance and stuck with cashflow problems while waiting to get paid.

Waiting for payment meant waiting to expand, but as a previous client of Capital Now, the company’s leaders knew they could turn to factoring to remedy this problem.

With accounts receivable from a recent project, the company has already started expanding the scope of future deals, as well as their workforce to accommodate this growth.

With great customers and a wonderful track record, the company is well prepared to continue growing rapidly with Capital Now's same-day funding. Ineligibility for government assistance hasn't been a problem for the company with factoring on its side.