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Plurilock's Integra Networks Secures up to CAD$1.5 Million Line of Credit
Vancouver, British Columbia--(Newsfile Corp. - September 6, 2022) - Plurilock Security Inc. (T...
About this update from Plurilock Security Inc
[{"type":"text","content":"Plurilock's Integra Networks Secures up to CAD$1.5 Million Line of CreditVancouver, British Columbia--(Newsfile Corp. - September 6, 2022) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) and related subsidiaries (\"Plurilock\" or the \"Company\"), an identity-centric cybersecurity solutions provider for workforces, is pleased to announce that, through its wholly-owned subsidiary, Integra Networks Corporation (\"Integra\"), it has obtained a revolving line of credit from Pathward, National Association, a division of MetaBank, N.A (\"Pathmark\") for up to CAD$1.5 million (collectively, the \"Loan\").\"We are pleased to again partner with Pathward, National Association, on securing this revolving line of credit for up to CAD$1.5 million,\" said Ian L. Paterson, CEO of PlurilockTM. \"This credit facility is a shareholder friendly financing alternative that provides us with flexibility to also address our working capital needs at Integra and continues to enable the Company to focus on its growth plans, which include strategic acquisitions and organic growth from our innovative suite of zero trust identity products.\"The proceeds of the Loan will be used by Integra for working capital purposes. The Loan is secured against all current and future assets of the Company and Integra. About PathwardPathward, National Association, a division of MetaBank, N.A, provides innovative financial solutions for businesses nationwide. The MetaBank® mission is Financial Inclusion for All® and the company works to increase financial availability, choice, and opportunity for all. Pathmark's financing solutions include asset-based lending, accounts receivable financing, lines of credit, term loans, factoring, government guaranteed lending, machinery/equipment financing and equipment leasing. Pathmark has extensive experience in helping many industries including transportation, manufacturing, staffing, petrochemical, renewable energy, medical receivables, government contractors, hospitality/hotels, insurance agencies, and technology hardware/software. The Pathmark division is headquartered in Michigan, with additional offices in California, Louisiana, Tennessee, representatives nationwide, and a Canadian foreign representative office. About PlurilockPlurilock provides identity-centric cybersecurity for today's workforces. The Plurilock fami...