Asset-Based Bridge Loan: Managing Difficulty Amid Distress

Read here about how BTGGA founding member Farber saved a Southern Ontario manufacturer and distributor from the brink of insolvency.

The business had found itself in a precarious situation with its banker of 20 years and was in breach of various financial and other covenants on its loans.

Desperate, the Company called its lawyer who, in turn, contacted Farber. While the Company’s lawyer initially planned to file a Notice of Intention to make a Proposal under the Bankruptcy & Insolvency Act, Farber's team advised against this action in order to avoid insolvency. Once all the stakeholders were at the table, and the Company had some additional time to reassess, we were able to present a win-win solution at the eleventh hour.