June 2020 | Issue 2
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COVID-19 Financing Resources

Funding new projects and existing business operations in the age of COVID-19 can be a challenging undertaking. With this said, there are programs and resources designed to assist businesses through this time.

Ashdown Capital recently released a package to support businesses in streamlining their applications to BDC's relief programs. Businesses can also find a consolidated listing of government and industry-specific programs through the BC Business COVID-19 Support Service.

If you have any other questions about securing financing in the current climate, please do not hesitate to reach out to one of our brokers.
Partnership Spotlight:
Westlund Group
Ashdown partner Ryan Turner , and Andrew Westlund, CEO of the Westlund Group of Companies , recently sat down to reflect on their work together. In this clip, they talk about how storytelling helped take the stunning Westlund Building from dream to reality.

Check out their full conversation .
Case Study:
YESA
 Ashdown Capital was referred to YES Acquisitions Ltd. (YESA), a sales and business development training agency, by a member of our professional network. At the time, YESA was facing a significant business development opportunity, but needed guidance on how to secure appropriate financing.

The firm had recently purchased a portion of a key client’s business, and now had the opportunity to acquire the remaining percentage of ownership. However, the previous stake had been purchased with personal resources, and YESA was unsure of how best to secure debt financing to fund the remaining shares. The firm was also interested in pursuing options for optimized cashflow management. Read more
Accolades:
Ashdown Capital named
Canadian Mortgage Awards Finalist
We are very pleased to announce that Ashdown Capital has been selected as a Finalist for "New Brokerage of the Year" in the 14th annual  Canadian Mortgage Awards , the leading independent awards event for the mortgage profession. Ashdown partner Ryan Turner is also nominated for the "Avison-Young Award for Broker of Year - Commercial".
 
Presented by  Canadian Mortgage Professional  in partnership with the Coalition of Independent Mortgage Brokers of Canada (CIMBC), the Canadian Mortgage Awards is the benchmark of excellence for mortgage professionals and organizations across the spectrum of mortgage brokering.
 
Winners will be selected by a panel of industry experts and revealed at the black-tie awards gala, which will welcome over 600 industry professionals on October 30 in Toronto. For the full finalist list, visit canadianmortgageawards.ca .
Welcome to the Ashdown team
Please join us in welcoming Ashdown's newest brokers.
George Coton has over twelve years of Corporate and Commercial Banking experience, spending his last three years as the Assistant Vice President and Team Lead at an international bank based in the Fraser Valley. George has assisted local businesses with their needs, overseeing large complex transactions across many industries and markets.

George is now in a position where he can focus primarily on his clients’ best interests. His extensive experience and knowledge of commercial lending and finance will be an asset in presenting and negotiating deals for his clients. Whether looking at day-to-day banking, working capital, equipment finance and leasing, real estate and development financing, or cash flow lending, George can help businesses find the best possible financing package.

George is licensed under the Mortgage Brokers Act of BC operating as Ashdown Capital (D&G).
Clayton Rutquist brings 20 years of finance experience to Ashdown, having helped clients of all sizes, across all asset classes, and in a multitude of industries. Clayton spent 17 years in the Canadian financial services industry: initially in Equipment Leasing and Real Estate finance with a major American non-bank lender; then as a Commercial Banking Team Leader for a Canadian chartered bank; and then in Corporate Banking for a major international bank. The insights gained from helping clients through asset and business acquisitions, periods of intense growth, and periods of challenge and adversity enable Clayton to bring fresh perspective to clients’ capital needs and structures.

Most recently, Clayton put his accounting designation to work as Vice-President of Finance for a well-established real estate development and investment company. This private enterprise experience has enabled Clayton to view the ever-changing lending landscape from the eyes of the borrower, and has bolstered his desire to help as many clients as possible.
ASHDOWN CAPITAL