TREND Financial says it has received an additional extension of a non-revolving credit facility for $45 million to bring the total facility to $126 million.
The cash, courtesy its long-term senior lending partner, will allow the non-traditional lender to further its aggressive pace of growth up to Q2 of 2016.
“We at TREND Financial are humbled by the confidence of our senior lending facility; we believe this extension contributes further excitement for 2016,” says Nahum Kaplan, CEO of TREND Financial. “We continue to be the fastest growing company in our market category and we look forward to delivering on our mission.”
TREND CFO Brent Sawadsky says it is a testament to the momentum the company is experiencing.