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Trade Finance Solutions Provides $2MM to Alberta-Based Supplier

September 09, 2015, 07:26 AM
Filed Under: Distribution

Trade Finance Solutions, Inc. (TFS) announced it has provided a $2 million accounts receivable financing facility to an Alberta, Canada company that supplies the energy and mining industries with products and materials to protect surface and ground water.  The initial funding allowed the company to pay off its bank line and injected an additional $560K of working capital into the business during a time of reorganization.  The short term funding arrangement with TFS gives the company time and money to restructure its senior banking facilities.  With no long-term commitment requirement, the company can use the TFS facility for as long as it needs while it changes banks.

Founded in 2006, with offices in Toronto and Miami, TFS provides factoring, purchase order financing, asset-based lending, and supplier credit to Canadian and American clients on an on-going or short term basis, with a focus on international trade.  Since its’ inception, TFS has funded over $1 billion in client transactions. 

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