Ideal for:
- Companies faced with multiple contract or purchase order opportunities
You have just won a significant contract, but you don’t have the cash to buy all the components you need to manufacture your product. An excellent working capital solution, we can kick-start the deal by financing up to 80% of your materials and 85% of the resulting accounts receivable so that you will have working capital throughout the life-cycle of the transaction – all you need is a strong contract or purchase order together with an established, solid buyer(s).
With a Contract Financing working capital solution, the lending decision is based on the creditworthiness of your company, your client and your suppliers, as well as the underlying value of the actual transaction – all of which will be evaluated during a field exam conducted by Camsa. For our clients in the US and Canada, Contract Financing is really a win-win-win situation for you, your bank and Camsa. Why? Because:
- We make payments direct to your suppliers.
- You maintain your relationship with your suppliers and buyers.
- The ultimate repayment comes from the buyer.
- Your bank retains you as a client.
Benefits
- Allows you to accept contracts that are valued higher than your cash flow would normally allow
- Reward yourself with supplier discounts
- Provides you with the ability to proceed with multiple contracts concurrently
- Allows you to confidently bid on new business secure in the knowledge that you can purchase the materials to complete the project
Eligibility
- You are a Canadian or US based company with a sound balance sheet.
- You have contracts worth between $250,000 and $1,000,000.
- Your buyers must be either eligible for accounts receivable insurance or have an investment grade rating.
- You must have strong management and proven production capabilities.
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