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)

ExecHealth brings Canada’s leading advanced longevity program to National Capital Region
Ottawa’s ExecHealth was one of the first private clinics in Canada to provide personalized, ongoing primary care, having opened its doors 20 years ago this year. Now the pioneering local

Upgrading tech without the price tag: How one Ottawa company is changing the game
They say, “If it ain’t broke, don’t fix it.” But what if it’s outdated? Keeping up with the latest technologies can be a challenge when the pace of innovation is
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.