Tag: loan
Tax Court disqualifies government loan spending from SR&ED, with potentially devastating implications for Canadian tech
Recent ruling means startups can no longer “double dip” in government assistance. Canadian organizations that collect Scientific Research and Experimental Development (SR&ED) incentives may…
Digital medical-billing platform ResolvMD secures $2 million loan from PaceZero to pursue strategic acquisitions
Doctor-backed Calgary startup sees opportunities across Alberta. Toronto-based private credit firm PaceZero Capital Partners is providing $2 million CAD in growth financing to Calgary…
National Bank acquires Silicon Valley Bank’s Canadian commercial loan portfolio
The $1-billion CAD portfolio includes $325 million CAD in outstanding loan commitments. The National Bank announced Aug. 1 an agreement to acquire the commercial…
BBTV secures $21.6 million CAD loan to pay off overdraft facility
“We have also allocated additional cushion to help withstand future macroeconomic uncertainty.” Vancouver-based BBTV Holdings, the holding company behind media and technology company BroadbandTV,…
Levr.ai closes $1 million in pre-seed funding to simplify loan applications
After seeing qualified businesses struggle to secure financing, Levr.ai’s founders sought to create an easier process. Vancouver-based FinTech startup Levr.ai has secured $1 million…
Converge Technology secures $500 million loan to continue acquisition spree
Converge to continue acquisition strategy in North America, Europe. Gatineau-headquartered IT and cloud solutions provider Converge Technology announced this week that it has refinanced…