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28 January 2020

News

LendCare Announces New Credit Facility to Support Unprecedented Growth

TORONTO, January 28, 2020 – LendCare Capital, a leading Canadian point-of-sale finance and technology company, announced today it has secured a new $100 million (CAD) financing commitment from a leading institutional asset manager. This facility supplements the company’s current $250 million senior facility, and along with other existing relationships brings LendCare’s total funding capacity to $450 million.

“We continue to maintain our singular focus of being Canada’s leading full credit spectrum POS lender for all Canadians, in all provinces and territories, for any purchase they may be considering. We are excited to add another relationship to our existing group of strategic funding partners to support us in that goal.” said Ali Metel, CEO, LendCare Capital. “2019 was a record-breaking year for us, culminating from a long history of strong originations and portfolio growth. Our diversified and scalable funding structure, along with our new innovative technology solutions and best-in-class service, positions us to gain further momentum into 2020 and beyond.”

This recent commitment further reinforces the success of LendCare’s strategic initiatives in its merchant relationships, OEM partnerships and the continued expansion into Powersports, Auto, Retail, Home Improvement and Health financing.


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!