Small Business Case Study: Coe Contracting

Coe Contracting is a Canadian contracting business specializing in logging and road building. Like many businesses in the sector, its work follows a seasonal cycle, with operations pausing during the winter months before ramping back up when conditions allow.

After a couple of months off during the winter break, the business needed working capital to get rolling again. With new contracts lined up and an earlier than expected return to work, the owner needed a short-term float to bridge the gap between restarting operations and revenue coming back in.

Traditional bank financing was not a practical option. Past experiences with the banks had been slow and difficult, with timelines that did not match the pace of a seasonal business getting back to work.

Merchant Growth provided a fast working capital solution to bridge the seasonal gap and support the start of the busy season.

The process was quick and easy from start to finish, allowing the owner to secure funding without the delays and paperwork associated with conventional lenders.

With financing in place, Coe Contracting:

•       Bridged the cash flow gap coming out of the off-season
•       Returned to work early with operations fully funded
•       Secured a strong pipeline of contracts for the season ahead
•       Avoided the delays of traditional bank financing

“It was really good. Super easy. Everything was straightforward.”

— Owner, Coe Contracting

For more information, visit Merchant Growth.