March 18, 2014, Toronto, Canada – GC-Global Capital Corp.’s (GDE.A:TSXV) (“Global Capital”) client company, Advantagewon Inc. (“Advantagewon”), has entered into an agreement with Richmond Hill based Mr. Transmission, to be the main provider of transmission and driveline repair financing across the country. Since first opening in 1963, Mr. Transmission has grown to over 60 franchises from coast to coast becoming the largest chain of transmission and driveline repair specialists in Canada.
Operating since 2004, Advantagewon Inc. is a Canadian company focused on financing automotive repairs. It has developed a program that is user friendly for the credit facility while being simple and customer friendly for the car dealers and repair shops clients. All finance applications are done on-line through a ‘dealer only’ access portal, assuring security of information. Minimal information is required for a quick qualifying approval. This saves time while giving the customer the opportunity to consider the matter in a couple of minutes. Credit checks are not necessarily required. The vehicle value dictates the credit limit. With a little current personal information, a valid driver’s license, insurance and ownership, Advantagewon’s consumers can be on their way with no out of pocket expense and 30 days before their first payment. Advantagewon finances only the repair. They do not offer additional money or tie up credit worthiness by issuing ‘lines of credit’. Their goal is to keep consumers vehicles moving and get them paid off as soon as possible. Thru its network of sales agents and service facilities, Advantagewon has created a network of dealers offering their repair financing services across the province. The qualifying garages in its network are represented by franchise chains, franchise auto dealers, or quality independent business people. The Repairers and Storage Liens Act secures the loans through an assignment from the automotive shop. The final loan application includes a signature from the dealer assigning the lien to Advantagewon and a signature from the client acknowledging the assignment and the lien. The repairer’s lien moves immediately to first position regardless of any other lien, and is effective even if the vehicle is leased.
About Advantagewon Inc.
Advantagewon Inc. is a Canadian company focused on financing automotive repairs. It has developed a program that is user friendly for the credit facility while being simple and customer friendly for the car dealers and repair shops clients. For further information, please contact us at 1-866-964-7192 or visit Advantagewon’s website at www.Advantagewon.com
About Global Capital
Global Capital is a merchant bank, which provides bridge loan services, to companies across many industries such as oil & gas, mining, real estate, manufacturing, retail, financial services, technology and biotechnology. For further information, please contact Jason G. Ewart at (416) 488-7760 or visit Global’s website at www.gcglobalcapital.ca .
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