Asset-Based Lending Success Stories

" Multipak is a leading supplier of flexible packaging to the food industry. In order to supply processing plants on a just-in-time basis, many large, multinational customers require us to carry sizable levels of finished goods-on-hand. This leaves the company with significant capital tied up in inventory.

The Asset-Based Finance Team at RBC Royal Bank helped us to leverage the quality of our inventory and blue-chip receivables by recognizing the inherent value of these assets. This provided us with greater access to credit than would have been available through conventional banking and helped Multipak become more competitive in terms of what we can offer our customers. "
Dave McLernon
President, Multipak