Capital Now provides $200K Credit Facility to Calgary Commercial Electricians

May 13

Our client is a well-known local electrical services provider
They are a previous client of ours who depended on emergency stimulus at the height of the COVID-19 pandemic
With those COVID-19 loans now coming due, lengthy payment terms meant it was difficult to find the cashflow for repayment
Banks and credit unions weren't able to provide the cash injection necessary on the timeframe needed to avoid interest payments
As Capital Now is already familiar with the client and their debtors, we were happy to purchase their invoices so all parties could get what they needed
This client is now repaid with the government, and able to keep connecting Albertans with the knowledge Capital Now will be there if any other cash emergencies arise

Capital Now is here for every business, because every business needs capital now.

Heather Villa

Franklin Capital is Pleased to Announce the Completion of Two $1,000,000 Factoring Facilities