Toronto, June 16, 2020 - Elevate Export Finance Corp. (the “company”) announces funding completion for buyer financing loan to Packaging Solutions Packsol (the “buyer”) from Canadian company, Husky Injection Molding Systems, a leading Canadian industrial technology supplier to the plastics processing community. (the “Exporter”)
The total amount of the purchase was US$1,554,532. The exporter turned to Elevate Export Finance Corp. for support in securing the sale transaction. The final round of funding is now complete.
The buyer, an existing customer of the exporter required the funding to finalize the purchase. For the Exporter, this meant an increase in export sales.
Export sales is an important growth segment in Canada’s recovery from the COVID 19 crisis and Elevate Export Finance Corp, a service delivery provider for Export Development Canada, plays an important role in supporting Canadian companies. Elevate Export Finance Corp provides buyer financing loans for up to US$10 million per sale transaction.