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RPG has
assisted businesses in virtually all industry segments over the past
decade through
factoring and other specialized lending facilities ranging from
$10,000 to $7,000,000.
The following illustrate some of the more interesting transactions
over the years:
Specialized Transportation Company: $125,000 to $7,000,000 factoring
facility;
This is a
tremendous success story. The Client is a trucking company
specializing in dedicated
moves for the automotive industry. RPG was originally approached to
provide a $125,000 facility upon the award of the first lane to the
Client; within 2 ½ years the success of the company required a
$7,000,000+ facility. No other form of capital would have provided
the owners the ability to prove themselves and grow their business
in this manner. The Client has subsequently successfully negotiated
a $10,000,000 assetbased facility and RPG collaborated fully with
the lender to smoothly transition security etc. in new receivables
while RPG collected the remaining factored receivables.
Systems
Integrator: $500,000 factoring "top-up" facility;
The Client
assists major names in the Life Sciences industry with successful
implementation of CRM (Customer Relationship Management) programs
using industry distinguished methodologies. The company’s low
six-figure line of credit with a major bank doesn’t meet their
entire working capital requirements. RPG "tops-up" the bank line by
factoring specific receivables after obtaining releases from the
bank.
Transportation Company: $500,000 factoring facility;
The Client
was in Special Loans with its banker. RPG negotiated with the bank
to release specific receivables; the bank swept a certain percentage
of each factoring proceeds to pay down the outstanding loan while
leaving the client funds to operate. The bank was substantially paid
down within 6 weeks and agreed to a further six week forbearance to
have the loan paid out in full.
National
Enterprise Network, Wireless, Voice and Data Provider: $5,000,000
factoring facility; $500,000 WIP facility and $200,000 short term
acquisition funding;
The Client
is a provider of enterprise network, wireless, voice and data
products and services and
specializes in designing, installing and maintaining high-quality
voice and data infrastructure through its nine offices across
Canada. Using cash flow provided by factoring the receivable
portfolio, the company completed a strategic consolidating
acquisition with modest Tangible Net Worth. RPG also provided a WIP/Inventory
facility to meet working capital needs and, as well, a short term
loan to bridge the acquisition payment.
Public
Medical Diagnostic Products Company: $2,000,000 factoring facility;
The Client,
a public company, is a world leader in antibody production,
development and successful commercialization of unique medical
diagnostic products. The company had exhausted its startup equity
but now had a number of successful products with good receivables.
They required a factoring bridge facility while negotiating an
asset-based loan with one of the major banks. Three months later
they were successful and RPG collaborated fully in transitioning
security to the new lender.
Gardening
Products Importer $1,500,000 seasonal factoring facility and
$500,000
purchase
order financing facility;
The Client
imports clay pots, metal, iron and fiberglass urns and other like
products from China, Italy, Brazil, and the US and sells to major
retailers. Most goods are imported on a "Documents against Payment"
basis and in addition to our receivables program, RPG funds these
requirements to purchase and import the shipments.
Market
Leading IT Infrastructure Company, $5,000,000 factoring facility;
$500,000 WIP facility and $500,000 bridge loan to buy out bank
facilities;
The Client
provides a wide range of networking, structured cabling, integration
and data centre solutions to Canada's Fortune 100 companies. After a
disappointing year, they were in Special Loans with their bank. RPG
provided a number of facilities to meet the Client’s working capital
needs and assist in the buyout of the bank’s position (at a discount
in favour of the company).
Designer
/ Manufacturer of Solid Wood Furniture: $750,000 factoring facility
with purchase
order facility
The Client
markets lifestyle collections for the whole home and home office
that have caught the attention of consumers in Canada and the US. In
addition to our receivables program, RPG provided funds for raw
materials and other expenses to permit the company to accept and
fulfill large purchase orders from their major US clients.
RPG
Receivables Purchase Group Inc.
221 Lakeshore Road East, Suite 300
Oakville,
Ontario L6J 1H7
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