Funding a season of inventory without touching the cap table.

Atelier Nord curates independent Canadian designers, and Sandra’s buying happens months before the selling. Each season she commits to inventory in the spring that won’t turn into sales until the fall — a classic retail squeeze that had her considering an outside investor.

Instead, North Lending placed revenue-based financing that flexed with the boutique’s sales: repayments scaled down through the quiet shoulder months and up during the busy run-up to the holidays. Sandra kept full ownership of the business she’d spent nine years building.

“An investor wanted equity and a board seat for the same money,” she says. “North Lending wanted a small share of revenue until it was paid, and then we were done. That was an easy decision.”

Atelier Nord had its strongest season on record, and Sandra has used the same structure to fund inventory two seasons running.