Capital Now Provides $500K Factoring Facility to Frac Sand Trucking Company

Capital Now provided a $500,000 factoring credit facility to a frac sand trucking company in Red Deer, AB.

The client for this deal saw how well factoring worked for one of its own clients and opted to pursue a relationship with Capital Now. The cash flow problems faced by this previous account debtor damaged it and the businesses with which it worked. The client had already worked with Capital Now as an account debtor, so the onboarding and funding for the deal were quick.