For Immediate release: Elevate Export Finance Corp., a Canadian-based lender which provides funding to foreign buyers of Canadian manufactured goods is pleased to announce their first transaction in Mexico: $400,000 USD loan to a Mexican firm to support their purchase of machinery produced by Laval based MMC Packaging Equipment Ltd.
Troy Wright, Founder and CEO said “We were thrilled to support this tenured relationship between MMC and their customer. Mexico is a vibrant and growing economy and is a strategic market for Canadian manufacturers.”
Mexico’s growing consumer class and beneficial labour demographics present a rich source of opportunities for Canadian exporters. With a population of over 100 million, a member of NAFTA and target market for Canadian exporters given the recent threat of tariffs imposed by the US Administration, Elevate has identified Mexico as one of its key high-growth markets. Elevate’s executive team brings over 40 years of experience operating throughout Mexico, in addition to an expansive broker network, making it well positioned to support Canadian exporters exploring business in the country
Said Francisco Garcia, EVP of Business Development: “Helping Canadian exporters is in our DNA. Our financing product is a differentiator and can help you close your next export deal. If you are an exporter, and you need help closing the deal, give us a call. We can tailor a solution to meet your needs”
Elevate would like to congratulate MMC Packaging Equipment Ltd. on this important transaction which demonstrates once again that Canada can compete effectively in the global market.
About Elevate:
Elevate, a Canadian-based lender has partnered with Export Development Canada (EDC) and financial institutions to provide the customers of Canadian small and medium-sized businesses with structured finance solutions. We lend to foreign buyers of Canadian exporters to help support Canadian export success.
For More Information Contact
Ed Walsh, President ewalsh@elevatefinance.ca (416) 735-9480
Francisco Garcia, EVP and Chief BDO fgarcia@elevatefinance.ca (604) 375-7146
