Garrington brought together professionals with complementary lending experience so business owners across Canada and the United States can work with one team on their financing needs.
As we shared in our first Built Differently article, the people who joined Garrington helped shape what we could offer. Their combined experience allows us to lend against receivables, inventory, equipment, and real estate, individually or in combination. An owner planning an acquisition or expansion can bring those assets into one financing conversation, with everyone looking at the entire picture.
We saw this with a business owner who came to Garrington with two purchases to bring together: buying back a family business and acquiring a second company. They also had a vendor take-back arrangement to account for and an existing business to keep running. Many moving parts, all working toward the same closing date.
Garrington lent against receivables, equipment, inventory, and real estate, with additional inventory support built in to help make the purchase possible. One team could look across those assets and shape the financing around everything the owner needed to accomplish.
Now imagine adding several lenders to that list of moving parts. Each would have its own lending and security documents to negotiate. They would also need intercreditor agreements setting out how they would work with one another. For someone already managing two purchases and running a business, that is another set of conversations to bring together before closing.
“The cost and complexity would have escalated quickly,” says Tammy Kemp, Garrington’s President and Chief Credit Officer.
Looking across the business gives the team more options. Erica Axani, Executive Vice President and Chief Risk Officer, explains that the work is in determining which of those possibilities can support the financing and how they fit together. The team’s experience helps it pursue workable options and set aside those that will not hold up.
For the advisor making the introduction, the conversation can begin with everything the owner is trying to accomplish: what they want to buy, the business they are already running, and the timing they need to work within. Those plans and the assets available to support them can be considered together, with one team working through how the financing could come together. One lender, one payment, and financing shaped around the business need.
Garrington’s history explains how the people and capabilities came together, built the same way, one deliberate hire at a time.
These conversations show why that matters to the businesses we support. Whether an owner is buying back a family business or planning further growth, the work begins with understanding that ambition and applying experience to the financing around it.