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.
(Sponsored)
Family-owned Coke Canada Bottling investing to grow in Ottawa-Gatineau
Have you ever wondered where your favourite Coca-Cola products come from? Few people in know that over 300 popular beverages products, like Coca-Cola, Coke Zero, Fuze, Fanta, Monster Energy, A&W
In a tough economy, investing in community is more important than ever
When finances are tight, it might seem counterintuitive to give back, but supporting our most vulnerable neighbours this holiday season can actually help businesses weather their own challenges. At United
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.
