Ashdown’s Josh Richardson came aboard to assess the business’ needs and determine how best to achieve the financing package required for growth. Josh went to market, approaching lenders he though would offer competitive terms for the acquisition loan, and replace existing facilities.
Josh sourced a strong offer from a new lender, including the required acquisition loan and a line of credit for the Surrey location, as well as a line of credit to replace their existing Langley location facility at a better rate. The total amount of term debt and revolving facilities secured exceeds the total initially requested, providing flexibility for day-to-day operations at both locations.
Foreman’s Integra Tire Auto is primed to offer top-tier service in both Langley and Surrey, with financing to support growth in both locations.