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Manufacturing | Warehouse Equipment
Low Monthly Payments Enable Canadian Manufacturer to Ramp Up U.S. Operations
Fast Facts
New U.S. Operation Needs Liquidity to Get Up to Speed
An Ontario, Canada-based packaging and container manufacturer recently acquired their first facility in the U.S. and needed liquidity to support the growth of their U.S. operation. The client identified $2MM in reimbursement-eligible equipment purchases and wanted to monetize those purchases to invest in additional revenue-generating production equipment for the new facility.
The client identified $2MM in reimbursement-eligible purchases that could be monetized to invest in additional revenue-generating production equipment.
The custom structure gave the client time to ramp up their new equipment and produce the cash flow necessary to pay for it.
Low Monthly Payments and Cash Flow Flexibility
First American presented the client with a 60-month, fixed purchase sale leaseback option that allowed for low monthly payments throughout the lease term. This structure gave the client time to ramp up their new equipment and produce the cash flow necessary to pay for it. The end-of-term options gave the client flexibility to evaluate their needs when the term ended and decide between making a balloon payment or continuing with low monthly payments.
New U.S. Operation Needs Liquidity to Get Up to Speed
An Ontario, Canada-based packaging and container manufacturer recently acquired their first facility in the U.S. and needed liquidity to support the growth of their U.S. operation. The client identified $2M in reimbursement-eligible equipment purchases and wanted to monetize those purchases to invest in additional revenue-generating production equipment for the new facility.
In Canada, the client worked with RBC Commercial Banking to utilize equipment leasing as part of their growth strategy, and wanted to find a way to replicate that success on the other side of the border.
Low Monthly Payments and Cash Flow Flexibility
As an equipment finance provider for RBC, First American was able to support the client with their U.S. financing needs through the client’s existing connection with an RBC Relationship Manager.
First American presented the client with a 60-month fixed purchase sale leaseback option that allowed for low monthly payments throughout the lease term. This structure gave the client time to ramp up their new, revenue-generating equipment and produce the cash flow necessary to pay for it. The end-of-term options gave the client flexibility to evaluate their needs when the term ended and decide between making a balloon payment or continuing with low monthly payments.
“It's great to have a relationship with someone that understands our business, our markets, our offices, and the industry, that can walk alongside us as we continue to grow. I'm so thankful that First American is there with us on our journey.”
–– Taylor Hawes, CFO, Pacific Dental Services
The results
Successful Cross-Border Expansion Increases Client’s Production Capacity
The results
Successful Cross-Border Expansion Increases Client's Production Capacity
$2,000,000
re-invested in manufacturing equipment
First American’s solution gave the client $2MM to re-invest in equipment for their U.S. location.
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Financing for What's Next
What could you do with more funding?
From capital projects to equipment purchases, learn how First American can help fund your organization's needs.