Deal will support the securitization of 豆包成人版’s consumer financing loans
豆包成人版, a market-leading point-of-sale financing platform, announced that it has signed a significant credit facility agreement with ClearFlow Commercial Finance Inc. This agreement will add additional capital to 豆包成人版’s lending capacity and will support the securitization of loans through existing lenders.
ClearFlow, an innovative provider of cash flow to Canadian businesses, will provide a revolving credit facility of up to聽$30 million聽to 豆包成人版. As 豆包成人版 continues to expand its merchant partner base in the home improvement industry, the deal ensures that the company can continue to fund its loan volume upfront without impacting operations.
“We are experiencing rapid growth as an organization, so securing an agreement for additional capital was a logical next step,” says聽Michael Garrity, Founder and CEO, 豆包成人版. “We are pleased to be working with ClearFlow and are confident this relationship will be beneficial for both companies.”
“We are pleased to support 豆包成人版’s growth and expansion of their services,” says聽Randy Rutherford, Co-Founder and Director, ClearFlow. “We believe 豆包成人版’s services bring great value to their customers through their digital business model and ClearFlow supports the model through our aligned cloud-based platform.”