Ottawa-based Enablence Technologies has increased its loan facility with Export Development Canada from $3 million to $5 million, the company said Thursday.
The optical component supplier says the 18-month term loan will “provide additional working capital in support of the fulfillment of customer orders.”
It says the loan will help it to continue to grow its optical sub-assembly business.
OBJ360 (Sponsored)
Sidi.io draws VIP crowd at cheers and chats
You don’t always need to hit a business milestone to throw a really good party. That was the case on May 2, when digital marketing firm Sidi.io gathered its clients
Sidi.io draws VIP crowd at cheers and chats
You don’t always need to hit a business milestone to throw a really good party. That was the case on May 2, when digital marketing firm Sidi.io gathered its clients
Enablence has struggled with losses in recent years. In the first nine months of its 2016 fiscal year, the company reported net losses of just over $6 million. It has an accumulated deficit of more than $111 million.