With experience as a medical representative for two large Philippine pharmaceutical companies, Alexander Canonigo launched Canomed Corporation in 2001. Canomed stands strong today, steadily growing as a reliable distributor of medical supplies and equipment to private and government health institutions.
With clients that are mostly government agencies, Alexander imparts how difficult it is to collect payments, especially during the first half of the year. According to him, the national government budget hasn’t been fully released during this period. Hence, he emphasised how important financing is for SMEs in this situation. Without financing help, Canomed couldn’t accept new projects, significantly impeding potential growth for the business.
Get to know more about Alexander’s success story as a businessman as he shares how he has overcome challenging financial situations and how he became more confident in accepting bigger projects—all of which he attributes to reliable financing with First Circle.