- DATEJanuary, 2024
- CATEGORYFreight Factoring
62-Truck Fleet in Winnipeg Gains More Availability with a $2.75MM Freight Factoring Facility
This 62-truck fleet based in Winnipeg, Manitoba reached out to us with a need for access to more working capital. Their existing bank line was not meeting their current needs. Our team was able to offer them a freight factoring facility with nearly 3x more availability than the bank. With this funding in place, the fleet will be poised to meet their growth objectives. And, if they wish to return to the bank for their credit needs in future, the agreement includes favorable terms to support that transition.