RBC Financing Built for SIMSA Members
SIMSA members are pursuing growth and innovation in an environment of longer payment cycles from major customers and challenging negotiations with banks and lending institutions. It’s like trying to run with an open parachute behind you.
A recent study conducted by BDO for SIMSA revealed that almost 60 percent of member companies have delayed projects because of pressure on cash reserves or existing financing caused by payment terms stretching to 60, 90, or even 120 days.
So SIMSA worked with RBC to establish a financing program built for the evolving needs of Saskatchewan’s industrial and mining suppliers a program that protects cash flow, offers preferred rates, and gives you the flexibility to innovate and grow. Most importantly, you’ll be working with representatives who understand mining, oil and gas, and industrial supply in Saskatchewan.
With short- and long-term options that range from $50,000 to $50 million, SIMSA-Fi can meet the diverse needs of SIMSA’s members at all levels. This extends from mining to oil and gas and other sectors that can face challenges in finding the required credit.
Watch for an upcoming lunch-and-learn session on SIMSA-Fi!
Financing That Understands SIMSA Members
SIMSA-Fi is structured to address the unique and specific needs of SIMSA members, giving you flexibility, borrowing stability and dedicated, knowledgeable support.
Among SIMSA-Fi’s benefits:
Industry Knowledge
The program was established in collaboration with RBC with an eye to the specific needs of SIMSA members. As part of that, RBC is assigning four representatives across Saskatchewan with an understanding of the industrial and mining supply sector to create a smoother process for you when financing is needed.
Flexibility
SIMSA-Fi offers a full range of borrowing options and banking needs – from short- and long-term loans to credit and cash management services. You choose what you need, when you need it.
Clear Terms
Recognizing the value of SIMSA members, RBC put together a program with clearly defined terms to make it simpler for you to assess and act on your borrowing requirements.
View As PDFComing Soon/Contact
SIMSA-Fi was introduced at SIMSA’s annual meeting on May 13th and additional program details and key contacts will be available soon.
To learn more today, contact:
Eric Anderson
Executive Director, SIMSA
eric.anderson@simsa.ca
(306) 343-0019
Kevin Goddard
Vice President, Commercial Financial Services
RBC Royal Bank
kevin.goddard@rbc.com
(306) 933-3469
(306) 203-9983