NFS Leasing Provides $6.5MM to Flow Alkaline Spring Water
NOV 14, 2019 - 6:35 am
Completing multiple transactions beginning in 2017 and continuing through 2019, NFS Leasing has provided Flow Alkaline Spring Water with over $6.5 million for manufacturing equipment. The funds also further support the company’s expansion of offerings across Canada and into the U.S.
Founded in late 2014, Flow Alkaline Spring Water was built on the principles of being the world’s first socially responsible water company. Although, Flow Alkaline Spring Water was receiving incredible support from its shareholders, it still had not reached positive cash flow.
“It is common for early stage businesses to undergo short term cash limitations,” said David DePamphilis, executive vice president of Sales and COO at NFS. “At NFS Leasing, we have the ability to appreciate the vision of entrepreneurial companies and provide the funds to expand that vision.”
“Working through the initial challenges with NFS was excellent. The level of responsiveness was fantastic, and they have an extremely high level of service. It was a great process,” said Matthew Hoar, CFO of Flow Water. “NFS followed a simple process. The communication was fast and realistic. Overall, I would give NFS an A+.”
Completing the agreements with NFS Leasing has allowed Flow Alkaline Spring Water to build out two production facilities, one in Canada and one in the U.S.
NFS Leasing is a North American equipment financier with more than 18 years’ experience. NFS provides solutions supporting businesses and organizations with challenged credit including early stage, start-up & pre-revenue, financially distressed companies and turn-arounds.
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