(Toronto – September 13, 2017) Trade Finance Solutions (TFS) announced today a deal to provide a factoring line to a global supplier of diamonds and custom jewellery selling into Tiffany & Co.
TFS will buy the invoices directly from the supplier’s customers, providing it with working capital to reinvest in sourcing new products.
“We are pleased to be working with this supplier that has a strong business track-record and shows a solid growth trajectory,” said Steve McDonald, President of Trade Finance Solutions. “In working with TFS, the supplier will have no financial difficulty in meeting consumer product demands quickly and efficiently.”
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.
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