ABOVE AND BEYOND

Liquid Capital Advance Corp. has been there time and again when Global Aviation hit working capital turbulence, allowing them to swiftly evolve into a top competitor in the airline staffing industry.

You’ve likely experienced Global Aviation’s exceptional service from one of their customer service agents at one of the many North American airports they’ve serviced for PAX*, cabin cleaning, aircraft detailing, ramp handling and mobility assistance. As their reputation and operations grew, they were able to withstand the cash flow crunch in the first few years, but eventually realized they needed additional financing in order to achieve their growth objectives.

Unlocking The Secret To Growth

“In this business, 90 percent of our costs are people-related. We have to make payroll every two weeks, but airlines only pay every 30 days,” says Carm B., former President and CEO.

“It doesn’t take long to run into cash flow issues. The banks want three to five solid years of history, whereas factoring will base their funding solutions off of your current book of business.“

While Global Aviation was open to alternative financing arrangements, it was initially wary of using a factoring company. Its sister company had dealt with another Canadian factoring company in the past, with disappointing results - there were a lot of issues with its previous experience. However, after a business associate recommended Jonathan Brindley and Liquid Capital Advance Corp. to Carm, he knew there was another way to gain access to the working capital he needed to reach new heights of success.

New Altitudes Mean New Funding Needs

Later on, the company was able to graduate to a traditional bank line. However, soon revenues again doubled and the bank line was unable to handle the new heights of growth.

So, Global Aviation returned to Liquid Capital Advance Corp., obtaining funding against the company’s monthly invoices and its equipment. “Liquid Capital gave me the ability to grow the business twice as fast,” says Carm.

Then, about six months into its new solution, business came to a standstill with COVID-19. “There’s a lot of financial crash and burns going on right now, but this allowed us to come in for a soft landing. Liquid Capital was instrumental in listening to us and coming up with a game plan,” ultimately helping them become bankable again. “I’m sad to leave Jonathan and Liquid Capital, but we’ve survived the worst of the pandemic and are ready to stand on our own again.”

*passenger, baggage and load control

“I’d definitely recommend the team at Liquid Capital –they’re very responsive, transparent and client focused.”

Carm B., former President & CEO, Global Aviation

To learn how Liquid Capital Advance Corp. can help your growing enterprise, contact 416-691-9600 x112 or visit www.liquidcapitaladvancecorp.com today.

TREENA

Conflict Management & Resiliency Specialist

Treena Reilkoff specializes in providing customized services and workshops that transform workplace conflict into a return on investment by identifying your organizational conflict resiliency.

Whether you are dealing with a specific issue or simply want to improve the psychological health and safety of your workplace culture, we will work with you every step of the way that meets your unique organizational needs and goals. 

Treena Reilkoff

Conflict Management & Resiliency Specialist

416-854-1932 treenareilkoff@tlr-mediation-wfa.com www.tlrsolutions4conflict.ca