NetworkNewsBreaks – PowerBand Solutions Inc. (TS
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Posted On: 04/28/2021 3:41:36 PM
NetworkNewsBreaks – PowerBand Solutions Inc. (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) Announces Expansion of Existing $300M Credit Facility
PowerBand Solutions (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA), a comprehensive e-commerce solution transforming the online experience to sell, trade, lease, and finance vehicles, today announced its intent to accept loan originations on its Drivrz Financial platform, the Intellacar platform as well as the DrivrzXchange, a revolutionary C2C retail platform. According to the update, the $300 million credit facility was originally executed with the financial institution in July 2020 and was described in a news release dated July 13, 2020. The company has been using this credit facility for lease origination since the date of execution and is now extending it to loan origination for consumers looking to secure a vehicle loan. “We want to clarify that this credit facility is not in any way connected to the line of credit facility we are pursuing with Alliance Partners for the EV leasing,” said Kelly Jennings, CEO and founder of PowerBand Solutions.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
PowerBand Solutions (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA), a comprehensive e-commerce solution transforming the online experience to sell, trade, lease, and finance vehicles, today announced its intent to accept loan originations on its Drivrz Financial platform, the Intellacar platform as well as the DrivrzXchange, a revolutionary C2C retail platform. According to the update, the $300 million credit facility was originally executed with the financial institution in July 2020 and was described in a news release dated July 13, 2020. The company has been using this credit facility for lease origination since the date of execution and is now extending it to loan origination for consumers looking to secure a vehicle loan. “We want to clarify that this credit facility is not in any way connected to the line of credit facility we are pursuing with Alliance Partners for the EV leasing,” said Kelly Jennings, CEO and founder of PowerBand Solutions.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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