(Toronto – July 28, 2017). Trade Finance Solutions (TFS) announced today that it will fund a US-based company that provides financing and logistical support to businesses in the luxury automobile industry in North America, Europe, Mexico and China.
The high-growth business financed by TFS has hard asset collateral, strong margins, and a structure that ensures stability and maximizes business transaction capabilities. Its buyers are large importers of high-end vehicles with close ties to North American and European exporters.
“This is exactly the type of client we are excited to do business with because we see the potential and path for growth,” said Steve McDonald, President of Trade Finance Solutions. “Our client is well versed in the financial, legal, and logistical side of the business, delivering luxury vehicles internationally in a way that is quick and efficient.”
Trade Finance Solutions (TFS) is a Canadian, independent commercial finance company with $350 million in assets under management. The company provides short-term financing solutions to middle market companies, using factoring, asset-based lending, supply chain financial and purchase order financing. Clients use TFS services to finance products and bring them to the next level of sales volume and profitability.