Asset Based Lending and Bridge Capital funding for your business.
Since 2014, Pillar Capital Corp. has serviced the financing needs of companies across Canada who are unable to access capital from traditional financing sources.
Terms from 3 months to 36 months
Limited or no covenants
Quick closings
Advance rates up to 75% (loan to value)
Industry agnostic
Well versed in difficult situations and urgent timelines
Pillar Capital Corp. is a privately held lending company that provides bridge loans from $100,000 to $10 million to business owners across Canada. Pillar Capital’s primary focus is helping companies who cannot access capital from conventional sources or have no further financing available from their current lender. Time sensitive, difficult scenarios and urgent requirements are our niche.
With offices located in Calgary, Edmonton, Toronto, and Kelowna, we are well positioned across the Country. Pillar Capital is industry agnostic and our loans are based on the value of a company's tangible assets and borrowing needs.
FINANCING OPTIONS
Pillar Capital is a direct lender that specializes in short term loans, underwriting against real property and equipment vs cash flow.
We extend first and second secured loan facilities to companies that have an immediate cash need due to:
Working Capital Requirements
Capital expenditures
Refinancing / Restructuring
Rapid growth
Mergers / Acquisitions
Bank Turndowns / Demands / Time Sensitive Closings
Includes all types, construction, transportation, agriculture, industrial etc.
Includes all types, residential, commercial, agriculture, land development etc.
LENDING PROCESS
Pillar Capital is dedicated to moving borrowers through the financing process quickly and efficiently. From start to finish, our team works with clients on a personal level, ensuring that all client needs, concerns, and most importantly, goals, are met.
Pillar’s process is a simple one:
1. Get in touch
Reach out to any member of our team by visiting our Contact Us page.
2. Underwriting
Our team works quickly to confidentially review your current financial situation, available assets, and goals for the business. We work closely with you and any advisors to ensure we can provide a viable financing option.
3. Funding
Funds are advanced quickly, with little or no covenants. Typical bridge loans close within 2 weeks of submission, but timelines can vary depending on the transaction.
RECENT TRANSACTIONS
Our success stories and recent transactions highlight our ability to complete financings across a variety of industries.
$2,500,000 Bridge Facility
Extended to an Alberta-based real estate holding company with several related entities.
This bridge facility is extended to provide working capital towards the construction of an agricultural processing facility and is supported by real estate.
$3,000,000 Bridge Facility
Extended to an Ontario transport company that primarily serves the grocery industry in Ontario, QC, AB and several states. This facility is extended to refinance an existing lender and respond to increased demand in the grocery industry due to COVID-19. Supported by equipment.
$4,000,000 Bridge Facility
For a diversified energy, midstream environmental, and infrastructure service provider in Alberta to purchase equipment of receivership proceedings. Supported by machinery and equipment.
