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News Stories (46 Results) - Canada

Sallyport announced a $1,600,000 accounts receivable facility for a growing Canadian manufacturer in the agricultural space. The client was referred to Sallyport by a broker and although there were other providers vying for the business, the client... view press release
November 09, 2021, 07:00 AM


GoldMining announced that, further to its news release dated October 21, 2021, it has entered into and closed an agreement for a US$20 million loan facility with the Bank of Montreal.The Facility is available for general corporate purposes... view press release
November 01, 2021, 08:00 AM


Sallyport provided $1,500,000 in funding to a Canadian staffing firm serving the oil and gas services, mining and construction industries with permanent and temporary staffing solutions.  The company is a subsidiary of one of Sallyport’s existing and... view press release
October 04, 2021, 08:08 AM


TAB Bank provided a mechanical maintenance company in Fort St. John, British Columbia, Canada with a $2.5 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing... view press release
September 08, 2021, 07:11 AM


Franklin Capital completed a $250,000 factoring and PO finance facility for a Canadian-based apparel company.A Canadian-based apparel company focusing on sportswear and outerwear experiencing growth needed financing assistance. The company had not... view press release
August 25, 2021, 07:00 AM


Mount Logan Capital announced that its wholly-owned subsidiary, MLC US Holdings LLC entered into a credit agreement, as borrower, with a large US-based asset manager, as administrative agent and collateral agent for the lenders  in respect of a term... view press release
August 23, 2021, 06:00 AM


Monarch Mining announed the closing on August 13, 2021, of the previously announced $13.5 million senior secured term loan agreement with Investissement Québec. The Loan has a three-year term and bears interest at an annual rate of 6% until the... view press release
August 16, 2021, 06:00 AM


Marble Financial, an AI-driven financial technology company that educates and helps Canadians better understand and manage their current cash flow and credit towards a better financial future, entered into an arm’s length definitive credit facility... view press release
July 26, 2021, 08:00 AM


TThe Toronto-Dominion Bank's TD Securities (TDS) has received the accolade of 'Canada's Best Investment Bank' in Euromoney's Awards for Excellence 2021."Being named 'Best Investment Bank' is a testament to our whole team's daily determination to... view press release
July 15, 2021, 08:00 AM


Silicon Valley Bank (SVB) announced that it has been granted a licence in Canada from the Superintendent of Financial Institutions and has opened its Canadian headquarters in Toronto. SVB may now provide in-market commercial financing solutions to... view press release
March 06, 2019, 09:00 AM


PayNet reports that the PayNet Canadian Small Business Lending Index (CSBLI) increased 3% from 126.5 in May 2018 to 130.5 in June, marking the sixth consecutive month of growth. Compared to the same month one year ago, the index is up 8%. “In a... view press release
August 16, 2018, 08:00 AM


Gerber Finance Inc. announced the funding of a C$3,000,000 asset based credit facility in Ontario, Canada. Gerber’s new client is a global capital projects consulting and advisory firm serving the largest companies in power generation and... view press release
February 23, 2018, 07:00 AM


Hilco Industrial Acquisitions Canada ULC has announced that they have purchased the assets formerly owned by the Saskatchewan Transportation Company (STC). The government of Saskatchewan ceased operations of STC in mid-2017. Hilco will be conducting... view press release
January 17, 2018, 08:00 AM


Mick Goik, president and chief operating officer, announced the opening of a Crestmark Canadian location to provide Crestmark’s growing line of alternative lending to businesses throughout Canada. Previously, Crestmark offered purchase-factoring... view press release
August 24, 2017, 08:00 AM


Lendified Holdings Inc., a Canadian-based lending technology company offering working capital and related financial services products to the small business community, announced that it has entered into an agreement with Liquid Capital Corporation , a... view press release
August 17, 2016, 07:43 AM


When a Canadian distributor of a European manufacturer of innovative ground screws needed funding for large orders they turned to Gateway Trade Funding. The distributor’s products (ground screws) are used in construction to establish a foundation in... view press release
June 27, 2016, 08:00 AM


The EBF Group Ltd., operating as Express Business Funding (“EBF”), a leading Canadian factoring company, has provided non-notification factoring facilities to two Vancouver based companies.  Sharing common ownership, both companies were referred to... view press release
June 01, 2016, 07:19 AM


TCE Capital, a boutique asset-based lender based in Toronto, Canada, specializing in non-notification accounts receivable, inventory, equipment and SR&ED Tax Credit financing launches its new website:TCE Capital’s new and improved website provides an... view press release
March 01, 2016, 07:24 AM


Bibby Financial Services Canada announces a $2.5 million asset-based loan provided to the continent’s largest manufacturer of office security containers. The company has provided high-quality products since its inception in 2003 and has four... view press release
January 06, 2016, 07:07 AM


Tuckamore Capital Management Inc. announced that it has entered into an amending agreement dated December 29, 2015 with lenders under its senior secured credit facilities made available to the company's subsidiary Tuckamore Finance Corp., pursuant to... view press release
December 30, 2015, 07:06 AM


Bibby Financial Services Canada announces a continued relationship with Albany Packaging, Inc., a Toronto-based retail box manufacturer. The company recently signed a two-year extension with the firm for a $2.5 million factoring facility and $500,000... view press release
August 20, 2015, 08:00 AM


Strategy reported Canadian women’s fashion retail chain Laura has filed for creditor protection.According to the Strategy report, the Quebec-based Laura’s Shoppe Inc. was founded in 1930 and has over 150 stores in Canada under the Laura, Laura... view press release
August 10, 2015, 08:05 AM


Gordon Brothers Group and Hilco Merchant Resources announced they will begin going-out-of-business sales at all Mexx retail locations throughout Canada beginning Friday, December 19th.  The Company filed a Notice of Intention to Make a Proposal under... view press release
December 22, 2014, 07:46 AM


Business Capital has structured and secured financing for the leading producer of organic baby food in Canada, which recently entered the U.S. market and can already be found in top tier retail stores nationwide. Founded by a mom on a mission, the... view press release
November 25, 2014, 07:52 AM


Bibby Financial Services announced an innovative new factoring service geared toward Canadian transportation carriers. With this new service, customers can receive advances of up to 95 percent of their invoices with an additional fuel advance.The... view press release
November 25, 2014, 07:38 AM


Bibby Financial Services announced today that it has funded a $1 million recourse factoring facility for a British Columbia-based manufacturer.The business, founded in 1979, is Canada's largest maker of portable, modular and custom tradeshow exhibits... view press release
October 23, 2014, 07:43 AM


Bibby Financial Services announced that it has funded a $4 million factoring facility for an Alberta-based distributor. The company markets high quality and energy-efficient wood-pellet-burning barbecue grills.After three years with its current... view press release
September 30, 2014, 07:55 AM


SECURE Energy Services Inc. announced it has entered into an amended and restated $700 million syndicated credit facility ("Syndicated Facility") with a syndicate of ten financial institutions and Canadian Chartered banks.The Syndicated Facility... view press release
September 30, 2014, 07:06 AM


Bibby Financial Services announced it has funded a $750,000 factoring facility for a British Columbia-based manufacturer. The company, founded in 2006, designs and internationally manufactures high-end bathware, including bathtubs, sinks, tapware... view press release
July 28, 2014, 07:49 AM


ClearFlow announce that the receivables financing division of Maxium Financial Services has been purchased and incorporated into a significant new ABL company, ClearFlow Commercial Finance Corp.  The existing management team of Sandy Kanichis and... view press release
June 25, 2014, 07:19 AM


Bibby Financial Services announced that is has funded a $500,000 factoring facility for an Ontario-based printing company.The business, which makes a variety of paper and digital items, has been self-funded since its inception six years ago. During... view press release
January 22, 2014, 07:25 AM


Bibby Financial Services announced today that it has funded a $500,000 facility for a Montreal-based transportation company.For more than 15 years, the business has offered dedicated, general and refrigerated transport for a variety of commercial... view press release
January 16, 2014, 07:28 AM


Liquid Capital Corp., a Canada-based franchisor specializing in factoring, has launched the Purchase Finance Program (PFP) this month. PFP differs from traditional Purchase Order (PO) financing and offers more flexibility to its clients. Providing... view press release
October 17, 2013, 07:45 AM


Dickinson Wright LLP announced John D. Leslie has joined the firm's Toronto office as a partner. Leslie focuses his practice on important and complex domestic and cross border restructuring and insolvency matters. He represents debtors, financial... view press release
October 17, 2013, 07:09 AM


North American Energy Partners Inc. announced the signing of an amended and restated three year credit facility ("the facility") with its existing banking syndicate that is effective Oct. 9. Highlights of the facility include the Company extending... view press release
October 10, 2013, 07:16 AM


Bibby Financial Services announced that it has funded a Montreal-based transportation company. The business, run by an experienced transportation owner-operator, is seeking to secure financial start-up support in Montreal, a growing region for Bibby... view press release
September 26, 2013, 07:26 AM


Darling International, a leading provider of rendering, recycling and recovery solutions to the nation's food industry has entered into a definitive agreement to acquire all of the assets of Rothsay, a division of Maple Leaf Foods Inc. for... view press release
August 26, 2013, 07:18 AM


Huldra Silver Inc. announced that it has obtained a secured debtor-in-possession loan from Waterton Global Value, L.P., the primary secured creditor of the Company, pursuant to a credit agreement dated August 15, 2013. The DIP Loan was authorized by... view press release
August 19, 2013, 07:19 AM


GE Capital’s Commercial Distribution Finance (CDF) business said it has seen positive trends in the Canadian marine, motorsports and recreational vehicle (RV) industries through the first half of the year. It expects favorable conditions to continue... view press release
August 12, 2013, 08:02 AM


Huldra Silver announced its board of directors determined that it was in the best interests of all of its stakeholders to seek creditor protection under the Companies' Creditors Arrangement Act (Canada) ("CCAA"), and has obtained such protection... view press release
July 29, 2013, 07:24 AM


Bibby Financial Service announced the grand opening of its Quebec office location.  The company will now offer a full complement of client services in this market in addition to a sales center, which opened last year. The office is conveniently... view press release
July 25, 2013, 07:09 AM


SilverCrest Mines has entered into a three year US$40 million secured corporate credit facility with The Bank of Nova Scotia (Scotiabank). The credit limit available under the facility will reduce by U.S.$10 million on each of Jul. 11, 2014 and Jul.... view press release
July 15, 2013, 07:09 AM


Salus Capital Partners provided a C$35 million senior-secured credit facility to Laura’s Shoppe (P.V.) Inc. The company is one of Canada’s leading ladies-wear retailers offering contemporary, accessible fashion for modern women. The financing will be... view press release
May 01, 2013, 07:08 AM


Detour Gold Corporation reported that it has successfully closed a $135 million senior secured credit facility. The facility is comprised of a $90 million revolving credit facility and a $45 million letter of credit facility. The facility is for a... view press release
March 13, 2013, 07:49 AM


CanWel Building Materials Group announced the renewal of its credit facility with its lender, Wells Fargo Capital Finance Corporation (Canada). CanWel has renewed its $275 million senior revolving facility, along with its additional $50 million... view press release
December 13, 2012, 08:09 AM


Salus Capital Partners announced the hiring of Mark Sturrock as managing director and Canadian Head of Originations and Corporate Strategy. Based in Toronto, Sturrock is responsible for all aspects of the Canadian operation including corporate... view press release
November 14, 2012, 10:00 AM