Distribution

BDC provided $6 million in financing for a large distributor of finished goods serving retailers across Canada.  The distributor’s American-based asset backed operating lender had informed the company that it was exiting the Canadian market and the company was forced to find another lender. BDC teamed up with another financial institution to provide a non-conventional term loan secured by short-term Accounts Receivable and Inventory, in addition to a more traditional mortgage.

The solution had the result of freeing up working capital and improving cash flow, essential to helping the company through the economic downturn.