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.

ELSE PRESS RELEASES FROM THIS DATE:

'Language tests being misused' -- new study

2011-06-24

A seminal article on language testing, co-authored by Dr Glenn Fulcher, a Reader in Education at the University of Leicester, argues that some agencies are using unsuitable language tests to achieve policy ends. Dr Fulcher, and Professor Fred Davidson of the University of Illinois Department of Linguistics, argue that generic tests are being used for multiple purposes because some policy makers go for "cheap and simple solutions" to complex problems, such as immigration. Their article, entitled Test architecture, test retrofit, which has won this year's Best Paper ...

Tampa Swingers Announce Two Hotel Takeovers

2011-06-24

Swinglifestyle, the largest swingers site has teamed up to sponsor two hotel takeovers with Tampa Bay Escapes and Hedo Parties. The first event is Tampa Bay Escapes 3, which Tampa Swingers have scheduled for July 28-31,2011 (Thursday - Sunday). Tampa Bay Escapes 3 is a 3 day / 3 night Complete Hotel Takeover and convention, with 15 Great Play Rooms & Hospitality Rooms, Libation Room every night courtesy of SwingLifeStyle.com. Prizes and Travel give-aways will also be included in the event. TBE has a Great line-up of entertainment and activities, plus TBE's signature ...

Chemist solves riddle of killer diseases

2011-06-24

Anthrax, septicemia and meningitis are some of the planet's most deadly infections. In part because doctors lack basic insights to prevent and cure diseases caused by so called Gram-positive bacteria. Now, a chemist from the University of Copenhagen has revealed the mechanism behind these deadly infections. By creating a synthetic version of a Gram-positive bacterial endotoxin, Danish synthetic chemist Christian Marcus Pedersen has made a contribution that'll compel immune biologists to revise their textbooks. More importantly, he has paved the first steps of the way ...

Drug side effect linked with increased health risks for over 65s

2011-06-24

A side effect of many commonly used drugs appears to increase the risks of both cognitive impairment and death in older people, according to new research led by the University of East Anglia (UEA). As part of the Medical Research Council's Cognitive Function and Ageing Studies (CFAS) project, the study is the first systematic investigation into the long term health impacts of 'anticholinergic activity' – a known potential side effect of many prescription and over the counter drugs which affects the brain by blocking a key neurotransmitter called acetylcholine. The findings ...

Youth cybercrime linked to friends' influence

2011-06-24

EAST LANSING, Mich. — Peer influence and low self-control appear to be the major factors fueling juvenile cybercrime such as computer hacking and online bullying, according to a new study led by a Michigan State University criminologist. Thomas Holt, assistant professor of criminal justice, said the findings reinforce the need for parents to be more aware of their children's friends and Internet activities. "It's important to know what your kids are doing when they're online and who they are associating with both online and offline," Holt said. The study, which ...

Report presents best policy options to reduce petroleum use

2011-06-24

WASHINGTON — It will take more than tougher fuel economy standards for U.S. transportation to significantly cut its oil use over the next half century. It will likely require a combination of measures that foster consumer and supplier interest in vehicle fuel economy, alternative fuels, and a more efficient transportation system, says a new report from the National Research Council. Public interest in reducing the cost of securing the nation's energy supplies, curbing emissions of carbon dioxide and other greenhouse gases (GHGs), and improving transportation operations ...

Smartphone app helps you find friends in a crowd

2011-06-24

MINNEAPOLIS – Can a smartphone app enable meaningful, face-to-face conversation? Engineers are trying to find out, with software that helps people locate their friends in a crowd – and make new friends who share similar interests. The software, called eShadow, makes its debut at the IEEE International Conference on Distributed Computing Systems (ICDCS) on Thursday, June 23 in Minneapolis. It uses nearby wireless networks and smartphones' wireless communication technologies to alert users that a friend who also uses the software is in the area – and gives directions ...

Lowering the color of crystals in sugar factories

2011-06-24

This release is available in Spanish. Like diamonds, sugar crystals ideally are very pure and low in color. Now studies led by U.S. Department of Agriculture (USDA) chemist Gillian Eggleston have provided a better understanding of the source of undesirable color in factory sugar. Eggleston works in the Agricultural Research Service (ARS) Commodity Utilization Research Unit in New Orleans, La. She conducted the studies with Barbara Muir of the Sugar Milling Research Institute in Durban, South Africa. ARS is USDA's chief intramural scientific research agency. Environmental ...

Obese dieters' brain chemistry works against their weight-loss efforts

2011-06-24

URBANA – If you've been trying to lose weight and suspect your body's working against you, you may be right, according to a University of Illinois study published in Obesity. "When obese persons reduce their food intake too drastically, their bodies appear to resist their weight loss efforts. They may have to work harder and go slower in order to outsmart their brain chemistry," said Gregory G. Freund, a professor in the U of I College of Medicine and a member of U of I's Division of Nutritional Sciences. He particularly cautions against beginning a diet with a fast ...

Report recommends ways to improve K-12 STEM education, calls on policymakers

2011-06-24

WASHINGTON – State, national, and local policymakers should elevate science education in grades K-12 to the same level of importance as reading and mathematics, says a new report from the National Research Council. The report recommends ways that leaders at all levels can improve K-12 education in science, technology, engineering, and mathematics. The report responds to a request from Rep. Frank Wolf (R-Va.) for the National Science Foundation -- which sponsored the Research Council report -- to identify highly successful K-12 schools and programs in STEM fields. ...

iFund Lending Announces New $2 Million Lending Facility for Entrepreneurs

ELSE PRESS RELEASES FROM THIS DATE:

LAST 30 PRESS RELEASES: