SME lending platform BRIVA FINANCE has secured $20m in funding from the Fonds de solidarité FTQ.
With the fresh funds, BRIVA FINANCE hopes it can better meet the needs of SMEs and their short-term loans.
Founded in 2018, the Canadian company deploys short-term or interim loans to small and medium-sized businesses that have revenues of over $10m. Loans are available on 3-12 months terms starting at $1m.
BRIVA FINANCE founding president Jacques Marchand said, “Business leaders need lenders that can help them in temporary and time-sensitive situations. One of the most important elements in the life cycle of a business is having access to financing at the right moment. We offer businesses in need of short-term additional support with financing adapted to such temporary situations.”
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