iFund Lending Announces New $2 Million Lending Facility for Entrepreneurs

iFund provides Western Canadian entrepreneurs and companies with business loans, bridge financing, and other alternative methods of financing.

2011-06-24

VANCOUVER, BC, June 24, 2011 (Press-News.org) iFund Lending is pleased to announce that it has made an additional $2 million available in its lending facility for western Canadian entrepreneurs and companies requiring a prudent financing alternative to banks, credit unions and other alternative lenders. iFund Lending provides entrepreneurs with business loans, bridge financing, franchise acquisition, purchase-order financing, debt consolidation, re-mortgages, SR&ED and receivables factoring, and other proven asset-based alternative methods of financing. Borrowers are able to access between $25,000 and $1 million, with loan terms of 90 days to five years.

"In today's volatile economic and financial climate, conventional financing sources are often unable to react quickly or at all to lending opportunities that often lie outside their traditional comfort zone," said Gordon Bylo, COO of iFund. "iFund is excited to be the lender that listens, and shares entrepreneurial knowledge and capital to help foster the growth of entrepreneurial business in Canada. We want to hear from entrepreneurs from throughout Western Canada who need financing for their companies or personal needs."

The expanded $2 million facility is part of iFund's $35 million lending portfolio that has a successful track record of offering entrepreneurs fast access to reasonably priced capital to help their companies grow. iFund has provided loans to small- and medium-sized enterprises (SMEs) across Western Canada in a wide variety of industries such as oil services, agriculture, manufacturing, retail, professional services, knowledge-based industries, tourism and others. Loans have been provided for franchise acquisition, start-up/ongoing financing, seasonal inventory management and management buyouts. In real estate, financing has been provided for development projects, revenue properties, raw land acquisition, home renovations, vacation properties, fractional interests and limited partnerships. In addition, iFund Lending will review pre-SR&ED funding proposals.

About iFund Diversified Lending Corp.

iFund Diversified Lending (www.ifundlending.ca) is a Canadian-owned and managed lender, pioneering a new entrepreneurial support service called "e2 Factor" that is aimed at helping borrowers succeed by bringing together successful entrepreneurs with a cohesive management team to invest in, mentor and support Canada's next wave of business successes -- Entrepreneurs Empowering Entrepreneurs.

iFund offers flexible, secured loans, leases and mortgages to individuals, partnerships and corporations who, although having a conventional borrowing requirement, find their particular needs and/or situation to have an element that is outside of the lending standards of most traditional financial institutions. For further information please call 1-888-538-5875.

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