sur PowerBand Solutions Inc. (CVE:PBX)
AmeriTrust Updates Lease and Loan Origination Business
AmeriTrust Financial Technologies Inc., a fintech platform in automotive finance, has announced progress in its lease and loan origination business. The company has received three non-binding term sheets from U.S.-based financial institutions to fund vehicle lease and loan originations. If completed, potential funding could reach up to USD $1 billion.
The term sheets aim to enable private sales or securitization takeouts. AmeriTrust expects this to provide an origination capacity of up to USD $1 billion annually. CEO Jeff Morgan aims to finalize funding agreements and initiate approvals by Q4 2025, with strong growth projected in 2026.
Finalizing the funding facilities requires equity or convertible debt raising. Completion depends on legal documentation and closing conditions, with no assurance of finalized terms. Shareholders will be updated on relevant developments.
R. E.
Copyright © 2025 FinanzWire, tous droits de reproduction et de représentation réservés.
Clause de non responsabilité : bien que puisées aux meilleures sources, les informations et analyses diffusées par FinanzWire sont fournies à titre indicatif et ne constituent en aucune manière une incitation à prendre position sur les marchés financiers.
Cliquez ici pour consulter le communiqué de presse ayant servi de base à la rédaction de cette brève
Voir toutes les actualités de PowerBand Solutions Inc.