- Lendified Holdings (LHI) has closed a $500,000 advance under the company’s non-revolving, secured term loan in the aggregate amount of up to $10,000,000
- This is in line with a credit agreement entered into between the company’s wholly-owned subsidiary and certain lenders
- To date, the company has drawn an aggregate of $2,500,000 under the credit facility, which Lendified has used to fund loans to its customers
- Lendified is an Ontario-based FinTech company operating a lending platform
- Lendified Holdings Inc. was unchanged at $0.005 at the close of the market
Lendified Holdings (LHI) has closed a $500,000 advance under the company’s $10,000,000 non-revolving, secured term loan.
This is in line with a credit agreement entered into between the company’s subsidiary and certain lenders.
To date, the company has drawn a total of $2,500,000 under the credit facility, which Lendified has used to fund loans to its customers.
The company intends to use the advances under the credit facility for the purposes of funding new loans to the company’s customers in the ordinary course of business.
Lendified is an Ontario-based FinTech company operating a lending platform which provides working capital loans to small businesses across Canada through a wholly-owned subsidiary.
Lendified Holdings Inc. was unchanged at $0.005 at the close of the market.