In order to meet the demands of the evolving industry and capitalize on their existing assets, Arctic Chiller required capital to invest in their facilities and purchase new high-speed equipment. President, Tom Hygaard, explains, “The funding from First West Capital helps us to continue to offer our clients a valued-added product mix, as well as anticipate consumer needs and trends, including the continual improvement of our packaging.”
Funds needed for facility upgrades and new equipment
First West Capital Edmonton worked closely with Arctic Chiller, and their senior lender, to devise a solution that provided them with the funds they needed to execute their business plans.
“The promotional aspect of their products is unique and provides their clients an important branding opportunity. They have created a lucrative niche market within the highly competitive and commodity-driven bottled water market,” says George Coon, regional director, First West Capital Edmonton. “We are pleased to partner with Arctic Chiller and support their growth plans as they begin an important phase in their business.”
Flexibility and collaboration the key to success
“We were referred to First West Capital Edmonton by our trusted banker and we found George to be efficient, knowledgeable and professional,” says Tom.” George was able to provide the right financial solution for us and made the process easy – we especially appreciated George’s flexibility in working with us during our peak summer season.”
“We would recommend businesses with capital needs in Northern Alberta to connect with George. We look forward to continuing our partnership with First West Capital.”
He continues, “We would recommend businesses with capital needs in Northern Alberta to connect with George. We look forward to continuing our partnership with First West Capital as we explore developing new business opportunities and eventually opening up additional bottling plants.”