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)
How Westboro’s female entrepreneurs are making it an attractive destination to live, work and play
When fitness guru Amber Stratton opened the first Pure Yoga studio in Ottawa in 2012, Westboro was her first choice. “The space we found was a really good starting point
Ottawa businesses critically important to ending youth homelessness across the city
Local businesses joining United Way East Ontario’s effort to prevent and end youth homelessness not only helps build a stronger, safer, and healthier community, but gives a boost to Ottawa’s
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.
