Canadian Exporters Success Stories
After engaging with Elevate, one Canadian exporter presented financing as an option to a potential customer in Brazil. With competitive interest rates and repayment terms suited to their expansion strategy, the Brazilian customer recognized the significant benefit of working with Elevate to support their agenda. Furthermore, this loan came in addition to their existing bank lines, thus preserving existing capital for other strategic initiatives. Elevate was able to help the Canadian exporter close the deal, get paid upon shipment and ensure the Brazilian customer got the equipment they required.
Meanwhile, the Canadian exporter identified additional opportunities with customers requesting financing in Mexico, Chile and Peru, plus began exploring and engaging with clients in Asia with the addition of financing to their sales tool kit. With transactions in Elevate’s target range of between $250k and $10M, the Canadian exporter feels comfortable approaching its foreign customers with a financing package in hand. Francisco Garcia, Elevate’s SVP of Business Development notes, “Many exporters need help closing international deals, and we’re here to help. Having customer-focused tailored financing options in your sales tool kit can provide many eureka moments for your client.”
Expanding Trade
With an increasing number of free trade agreements signed in recent years Canadian exporters have made a strong push on bringing reputable, high-quality product international. However, as they began to explore opportunities abroad Canadian exporters found financing for their foreign customers to be a significant obstacle in closing sales. Their customers found financing locally too expensive, and large banks ignored their requests in favour of larger clients. Limited by options and competing against international competitors they struggled to grow sales internationally. Enter, Elevate Export Finance. With an accomplished team and mandate to support and expand trade for small and medium-sized Canadian exporters, Elevate has partnered with Export Development Canada (EDC) to provide fast, customer-focused foreign buyer finance.
With numerous transactions and an increasing number of exporters contacting Elevate for financing support when selling abroad, Elevate remains focused on deploying significant capital in support of Canada’s exporters. With loan terms up to 5 years and transactions up to $10M for foreign buyers, the Company continues to see opportunities for Canadian exporters to increase sales in established markets and explore opportunities in new ones with the support, connections and resources of Elevate Export Finance behind them.
About Elevate:
Elevate Export Finance Corp., a Canadian-based lender, with offices in Toronto and Vancouver, has partnered with Export Development Canada (EDC) and financial institutions to provide the customers of Canadian small and medium sized businesses with structured finance solutions. We lend to foreign buyers of Canadian Exporters to help support Canadian Export Success.
For more information please contact:
Ed Walsh, President
+1 (416) 735-9480
Francisco Garcia, SVP, Business Development
+1 (604) 375-7146