Liquid Capital Advance Corp. helping businesses access funding

Nearly a dozen years ago, Jonathan Brindley, CPA, CA, the founder of Liquid Capital Advance Corp., set out to develop a factoring company. The National Post published an article on his journey a few years back:  ‘One size does not fit all’: How one alternative financing firm went beyond factoring”.

“The goal was to create an entity that would provide small- and medium-sized businesses with the financial resources they needed to fill the gap before their receivables were paid.” In return for a small fee (in the two per cent to four per cent range), Liquid Capital Advance deposits 75 per cent to 85 per cent of the face value of the receivable with the balance retained until the invoice was paid. Once the funds have been repaid they can be redeployed again. Ideally the goal is to recycle the funds every 30 to 90 days.

“Brindley’s business evolved into much more than a recourse factoring shop. It now defines itself as ‘a full-service working capital and trade finance company,’ that also provides ‘asset-based lending, purchase order financing, inventory financing and equipment leasing.”

Click here to read the full story published in the Financial Post.