Century Capital - Business Credit That Works

1. Factoring

Factoring is a great way to provide working capital to a company that needs cash to grow or whose balance sheet may be weak.

Century provides cash against your good quality invoices, providing immediate cash which is used to finance continued business.

You control what invoices are factored, and when. You only factor the invoices needed to meet your cash requirements.

Your company still deals directly with your clients, letting you maintain and grow your working relationship with your customers. You still do your own collection work.

2. Term Loans

We provide commercial loans from $500,000 to $25 Million+ against all types of Machinery & Equipment, Inventory, Accounts Receivable, Real Estate or other tangible unencumbered or under-encumbered assets.

A term loan can provide your businesses with the cash needed to operate from month to month, or to add equipment and other fixed assets to expand production. Loan payments can suit your cash flow, and are generally repaid in monthly instalments.

A revolving loan will be a percentage (margin) of a fluctuating pool of assets (i.e. inventory or receivables). Advances are made on these assets based on due diligence & appraised value.

3. Secured Loan Buyouts

Century is one of the largest purchasers of distressed bank debt, and deals with all major lending institutions.

A secured loan buyout is one avenue to explore when a turnaround or restructuring is possible, but time has run out with the bank. Century Capital can buyout a secured lender’s position and then there are a number of options at this point, ranging from organized wind-up to a restructuring or turnaround. A buyout can provide a borrower with more time to reorganize their operations and lenders wishing to exit a relationship can do so without resorting to a liquidation.

During a restructuring, the company continues to operate, the balance sheet is repaired and the working capital position is restored. Once the turnaround is accomplished, Century is generally paid out by a conventional lender.

4. DIP Financing

Debtor in Possession Financing provides companies with financing to continue ongoing operations while restructuring through bankruptcy proceedings in Canada or the US.

DIP financing is a specialized form of financing for companies in financial distress. It is a court process, which provides a general stay of all creditors, so that the business debtor remains viable during a restructuring.

DIP financing can give a troubled company a fresh start, subject to some restrictions, and may provide the debtor with more flexibility in how the restructuring proceeds.

5. Tax Credit Financing

Bridge loan financing, delivered across Canada, of refundable federal & provincial tax credit claims of Canadian companies, in excess of $200,000. Smaller claims can be considered if combined with other Century financial services, or where claims are growing.

Eligible claims include SRED (scientific research & experimental development) or Media tax credits (film/TV/digital production or service work).

These bridge loans help clients meet short term working capital needs without long-term equity dilution. Funds can be used for many working capital purposes.

Recent transactions include: Film/TV Production - $3.5 million PSTC, Biometrics - $1 million SRED, Telecom Network Equipment Manufacturer - $1 million SRED, Chemical Developer - $500,000 SRED, Education Software - $350,000 OIDMTC