Greg Sherwall is a coffee-enthusiast and chef who opened ERC as a roastery and café in 2018. The café quickly earned a loyal clientele, including Ashdown Capital’s Andrew Still, who watched Greg hone his craft and build the business over the course of two years. With business bustling, Greg began eying-up expansion to a larger, more prominent location in a new development in Esquimalt. This new facility would be a significant space upgrade, and allow ERC to expand its food offerings. Although eager to grow, Greg’s capacity was limited by busy operations, and taking on financing negotiations was an overwhelming and time-consuming prospect.

Andrew was able to jump in and take expansion financing off of Greg’s plate. Andrew guided discussions with lenders, securing favourable financing terms to allow ERC to not only build out the new location, but also purchase new equipment, and secure a working capital facility. Greg was able to focus on operations, and is now well on his way to opening the new ERC facility in 2021.

“Andrew was a champion for our business from the get-go. He advocated for the financing we needed to grow, and made my life so much simpler in the process. I would definitely recommend Ashdown’s services, and look forward to working with Andrew again.” – Greg Sherwell, Owner, ERC

• Commercial mortgage
• Working capital financing
• Equipment financing