SOURCE: TREND Financial

TREND Financial

October 29, 2015 17:18 ET

TREND Financial Increases Current Additional Credit Facility by $45 Million to Continue Momentum of Growth

TORONTO, ON--(Marketwired - October 29, 2015) - TREND Financial, a leader in offering custom-made automotive financing solutions, today announced it has received an additional extension of a non-revolving credit facility for $45 million from their long-term Senior Lending partner to bring the total facility to $126 million in order to meet the company’s monumental growth.

This extension will allow TREND to continue its aggressive pace of growth up to Q2 of 2016 in order to achieve its strategic and financial objectives.

“We at TREND Financial are humbled by the confidence of our Senior Lending Facility; we believe this extension contributes further excitement for 2016,” said 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.”

“This puts us in an enviable and unique position, backed by one of the strongest Senior Lenders, which allows us to continue growing and maintaining the strong demand of our services,” said Brent Sawadsky, CFO. “This extension is a testament to the incredible momentum TREND Financial is experiencing. We are also thankful to our many customers and partners for their continued trust in us.”

For more information about TREND Financial, please visit www.TRENDfinancial.com.

About TREND Financial
Started in 2012, TREND Financial is a Canadian-owned automotive financial services company. Headquartered in Toronto, TREND has successfully experienced unprecedented growth servicing dealerships and consumers across Ontario.

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