A business will typically insure plant, property, equipment and inventory, but accounts receivable are usually left unprotected. This can represent a large exposure to the company's balance sheet and often limits the borrowing value of this asset. Some Canadian banks and other financiers specializing in financing accounts receivable have started margining operating lines of credit up to 100% of those accounts receivable balances for their customers who credit insure their domestic and export accounts receivable.
Millennium has strong relationships with leading Canadian lenders and other niche financial institutions. Let our team provide solutions for your financing and cash flow management challenges.
We would be happy to help you. Please feel free to contact us in one of our Ontario offices (Ottawa, Toronto) our Québec (Montréal) office or in our British Columbia (Vancouver) office.