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29 July 2020

News

LendCare Announces Renewal and Expansion of Credit Facility to Support Unprecedented Growth

TORONTO, July 29, 2020 – LendCare Capital, a leading Canadian point-of-sale finance and technology company, announced today it has renewed and expanded one of the company’s supplemental credit facilities for $75 million.

“Maintaining a diversified group of strategic funding partners continues to be a focus for the company as we continue to experience unprecedented growth in originations. The summer is traditionally a busy time for us and 2020 was no exception as we saw originations in the month of June alone at almost $30 million with July expected to be the same.” said Ali Metel, CEO, LendCare Capital. “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. 2020 is on track to be another record-breaking year for us, and we look to our diversified and scalable funding structure to position us to gain further momentum throughout 2020 and beyond.”


COVID-19 Updates

COVID-19 Updates


With recent developments to the COVID-19 mandates and the lockdown issued by the Government of Ontario and Quebec, effective Dec 26th, we wanted to let you know that we are still here to service our partners' needs.


While we are all impacted during this COVID-19 pandemic, we are maintaining a solid support system for your business needs. At LendCare, we make it our priority to ensure that we continue to provide your business and our customers with the care they deserve.


We are committed to providing you with the same level of service that you have become accustomed to, so that the financing process is as seamless as possible. We continue to operate at full capacity and would like to reassure you that we are continuing to process applications and issue payments. We are still fully capable of processing and authorizing loan agreements. 


Feel free to contact us by email, phone or through our online contact form should you require any assistance. We will keep you updated on any changes that affect our business operations. If you have any questions or concerns, please reach out to us as you would normally, and we will be happy to respond to you.