Business
TIMIA Capital Originates $38 Million in Investment Facilities in the Past 12 Months
TIMIA Capital Originates $38 Million in Investment Facilities in the Past 12 Months ...
About this update from Montfort Capital Corp
[{"type":"text","content":"\n \n \n \n TIMIA Capital Originates $38 Million in Investment Facilities in the Past 12 Months\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen1{\nBORDER-TOP:0pt; BORDER-RIGHT:0pt; BORDER-COLLAPSE: COLLAPSE; BORDER-BOTTOM:0pt; BORDER-LEFT:0pt\n}\n.prngen3{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n ~TIMIA is successfully integrating its recent acquisition Pivot Financial and leveraging its origination platform for revenue-based and asset-based investment opportunities~\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Dec. 1, 2021\n \n /CNW/ -\n \n TIMIA Capital Corporation (\"TIMIA\" or the \"Company\")\n \n (TSXV: TCA) (OTCQB: TIMCF), a leading innovator of technology in private credit, today provided an update on its consolidated loan book activity. On\n \n September 21, 2021\n \n , the Company acquired Pivot Financial Limited Partnership (\"Pivot\"), a Canadian-based private lender focused on creative financing solutions for the small and medium business market.\n \n \n For the period\n \n September 1, 2021\n \n to\n \n November 30, 2021\n \n including TIMIA and Pivot from the date of acquisition on\n \n September 21, 2021\n \n :\n \n \n \n \n \n $16 million\n \n was disbursed for both new term loans and follow-ons in existing term loans, representing a 130% increase in disbursements over same period last year for TIMIA alone,\n \n \n an additional\n \n $6 million\n \n increase in existing revolving lines of credit granted to customers,\n \n \n offset by\n \n $6 million\n \n in loan exits received from customers.\n \n \n \n \n For the period\n \n December 1, 2020\n \n to\n \n November 30, 2021\n \n including TIMIA and Pivot from the date of acquisition on\n \n September 21, 2021...