Found this story and one of our members works for Rev, @Kevin Sharma. Contact him for your factoring needs.
TORONTO, ON (Nov. 8, 2024) – REV Capital (“REV”), a leading provider of cashflow solutions to growing companies in North America, announced the successful implementation of a $15MM factoring facility to a prominent transportation company in Ontario.
Facing a time-sensitive financial restructuring, the client required fast access to working capital, which other lenders couldn’t provide. REV stepped in with a quick solution, enabling the company to maintain its growth trajectory.
“This deal is a testament to our sales team’s ability to adapt quickly and achieve success. Within a few short months of our strategic repositioning, we are making bold strides to establish ourselves as the preeminent player in the Canadian Transportation Factoring sector,” says Loren Shifrin, CEO of REV Capital. “We will continue to focus our efforts and invest in servicing this vital market segment”.
The deal follows REV Capital’s strategic refocus on exclusively financing larger Canadian transportation companies. As the company enters Q4, its growth continues to outperform market projections.
This is the type of funding I been looking for. Thank You.