TORONTO, May 26, 2014 – Bridging Finance Inc. (“Bridging”) recently provided a $10,000,000 accounts receivable facility to a consumer retail marketing company. This facility provided the company with working capital to fund its marketing expenses and to help manage its substantial growth across North America.
“Rather than continue to dilute, they were seeking a financing solution that would provide cash flow to meet their everyday needs i.e. payroll, rent, and taxes” says Kevin Westfall, Senior Vice President, Factoring.
About Bridging Finance Inc.
Bridging is a privately held Canadian company with over two years of private investment management experience providing middle-market Canadian companies with alternatives to the financing options offered by traditional lenders. Lending proceeds are used by companies to address short-term needs such as restructuring existing debt, providing working capital for growth, supporting inventory purchases and financing expenditures and acquisitions/buyouts.
About Bridging Credit Fund LP
The investment objective of the Fund is to acquire and maintain a diversified portfolio of Factoring Investments and Asset Based Investments. The Fund offers clients yield outside of traditional fixed income investments (i.e. not invested in real estate or bonds) and is non-market linked.
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