Capital Now Provides $200K Credit Facility to Chocolatier in Calgary, AB

Capital Now provided a $200,000 credit facility to a chocolatier in Calgary, AB.

After a long slump in business, the chocolatier received its biggest order to date, but 60-day payment terms presented challenges for the company. Capital Now purchased the invoice so the chocolatier could be paid immediately and catch up on its payments, fulfill orders and restore its suppliers’ faith in the business. The buyer that placed the large order placed another order two weeks after the first and 45 days before the first invoice was due for payment.