Vancouver Island E-Commerce
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Vancouver Island E-Commerce

The client is a growing, Vancouver Island-based e-commerce business that produces and sells home goods and more through a popular online shopping platform.

Issue

The client is an experienced e-commerce seller with extensive knowledge of the online retail space, and strong, established relationships with manufacturers and suppliers abroad. The business was achieving strong sales and growth and was looking to secure additional working capital to meet production and fulfillment needs. He approached several lenders, but due to the company’s unique model and variable revenue levels, was unsuccessful in obtaining financing at that time.

Solution

The client was introduced to Ashdown Capital’s Shizuka through her CPA network. Shizuka invested her time in understanding and analyzing the unique business model and its opportunities for significant growth ahead. Shizuka packaged an application that highlighted the strength of the client’s skillset and background, and projected revenue increases due to a domestic and international expansion offer. Shizuka ultimately matched the client with a banking partner who understood and supported the business’ growth goals, while also advocating for nearly double the original financing request.

The client now has the working capital flexibility and banking support required to pursue new opportunities and markets in 2022 and beyond.

Client Testimonial

“Shizuka at Ashdown Capital took the time to understand my unique business model and was able to get me a business loan at an attractive rate for almost double the amount what I initially thought I could get. Shizuka was able to leverage Ashdown Capital’s established network to set me up with a great banker. I now have the access to capital to grow my business significantly!” – Hugh O.

Services Used

  • Line of credit