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12 November 2020

News

LendCare Announces New $85 Million Financing Facility

LendCare Announces New $85 Million Financing Facility

TORONTO, November 12, 2020 – LendCare Capital, a leading Canadian point-of-sale finance and technology company, announced today it has secured a new $85 million (CAD) financing facility from a leading international financial services company. This new facility will be in addition to the company’s existing senior and supplemental facilities, providing LendCare with a total funding capacity of over $600 million (CAD) to support their existing portfolio and anticipated originations over the next 12 months. “We welcome this new strategic lending relationship to our existing and diversified stable of lenders. Through this increase in funding capacity, along with FrontLine, our proprietary online financing technology, we stand well-positioned to execute on our goals for the next year.” said Ali Metel, CEO, LendCare Capital. Earlier this year the company launched their proprietary online financing technology, FrontLine, which features instant credit decisions and multi-device access to loan applications, fortifying LendCare’s position as an industry leader in the full credit spectrum POS financing sector. FrontLine is a single technology, integrated with a single lender to address financing needs from Prime to all the non-Prime credit grades.

About LendCare Capital

LendCare is a Canadian consumer finance and technology company, which enables over 6000 businesses to increase their revenue by providing full credit spectrum financing at the point-of-sale. For over a decade, LendCare has cleared a path to providing fast, reliable and affordable financing options for the Powersports, Auto, Retail, Home Improvement and Health sectors, while processing over $5 billion in loan applications to date. With a dedicated team of finance experts and well-established partnerships with merchants, top dealerships and brokers, LendCare bridges the gap between credit score and customers living their best life.

Media inquiries: Jackie Bain, Head of Marketing jbain@lendcare.ca 1-866-291-4045 ext. 1801

Related links: www.lendcare.ca


COVID-19 & Toronto Humane Society Fundraiser

COVID-19 & Toronto Humane Society Fundraiser

We understand that this is a challenging time for all of us, as we navigate through this new normal. While we are all impacted during this COVID-19 pandemic, we are maintaining a solid support system for your needs. At LendCare, we make it our priority to ensure that we continue to operate at full capacity and provide our partners and customers with the care they deserve.


Toronto Humane Society Fundraiser Information

We cannot thank you enough for all you’ve done to help animals in need. With your help, we have raised over $15,000 in just 4 days! We ask you all to keep the donations coming, and LendCare will match, dollar for dollar, up to another $5,000 for the Toronto Humane Society! With your support, we can reach $25,000 or more for this great cause.


Every dollar you give helps the Toronto Humane Society reach its $100,000 goal to cover the veterinary costs of pets that have been surrendered due to the financial impact of COVID-19.


We double-dog dare you to donate generously, and help us exceed our goal, yet again! No donation is too small.


Click the HERE to donate, directly to the Toronto Humane Society. We thank you in advance for your support!