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Construction Invoice Financing

Read Glen's latest blog...


Spergel Corporate Finance (SCF) President Glen Dalzell explains how invoice factoring for the Construction Industry can help your business fix cash flow problems and raise immediate funds. 

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If you need assistance with financing for a business, please contact me directly at 416-498-4312 or gdalzell@spergel.ca.

Glen Dalzell

Spotlight On: Current Deals

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A few of our recent deals are shown below:

HVAC Contractor: $1.5M Term Loan

A well-established GTA based HVAC contractor required a Term Loan to bolster their balance sheet and improve their working capital. SCF arranged a $1.5M Term Loan secured by real estate. The funds were injected into the company which immediately solved the working capital issues.

Construction Company: $1.0M Term Loan and $1.0M Accounts Receivable Financing

A historically successful southern Ontario based construction company faced a decline in sales due to a COVID related slowdown in their sector. Their Schedule A bank entered into a Forbearance Agreement with the client while they searched for replacement financing. SCF arranged a $1.0M Term Loan secured by real estate and a $1.0M Operating Line margined against accounts receivable. The bank was repaid in full.

Acquisition Financing: $7.0M Term Loan and $1.0M Operating Line

The owners of a very successful GTA based commercial cleaning company wanted to sell and retire. The Vendors engaged an M&A firm to represent them and solicit offers. The prospective Purchaser required additional financing and the M&A firm reached out to SCF to assist the Purchaser. SCF arranged a $7M Term Loan facility and a $1.0M Operating Line in addition to the Purchaser’s investment.