REV Capital Provides $15MM Facility to Prominent Canadian Transportation Client

REV Capital Provides $15MM Facility to Prominent Canadian Transportation Client

TORONTO, ON (Nov. 8, 2024) – REV Capital (“REV”), a leading provider of cashflow solutions to growing companies in North America, announced the successful implementation of a $15MM factoring facility to a prominent transportation company in Ontario.

Facing a time-sensitive financial restructuring, the client required fast access to working capital, which other lenders couldn’t provide. REV stepped in with a quick solution, enabling the company to maintain its growth trajectory.

“This deal is a testament to our sales team’s ability to adapt quickly and achieve success. Within a few short months of our strategic repositioning, we are making bold strides to establish ourselves as the preeminent player in the Canadian Transportation Factoring sector,” says Loren Shifrin, CEO of REV Capital. “We will continue to focus our efforts and invest in servicing this vital market segment”.

The deal follows REV Capital’s strategic refocus on exclusively financing larger Canadian transportation companies. As the company enters Q4, its growth continues to outperform market projections.

“We executed a controlled shift in our target market and are now seeing the results,” says Jon Turner, REV’s Senior Director of Sales. “Our pipeline has never been healthier and I’m more confident than ever in our team’s ability to drive market leadership for our Canadian transportation clients.”

ABOUT REV CAPITAL

REV Capital is a leading North American financial factoring company and asset-based lender. They deliver trustworthy, transparent, and reliable cashflow solutions that provide financial stability and growth opportunities for their clients. For more information, visit www.revinc.com.