Asgard Electric Inc

Raising to Consolidate Debt and Scale Business

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Electrical Company in GTA, Ontario. In 2019, we were short on a project, and due to being a fairly new company, we could not get proper funding. We got stuck in a cycle of short-term high-interest, cash-flow-killing loans. 

We had a long legal battle with the restaurant that didn’t pay us (currently awaiting the verdict).  That also killed cash flow because now we have great projects and are growing, but this lingering debt is harmful, and conventional banks won’t give access to larger funding with longer terms.  We want to be able to clear the bad high-interest debt while adding some cash to operations and growth and be able to have a better payback period of 24-48 months. 

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