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)

From $1 Million to $10 Million: Key Financial Metrics for Scaling Success
Congratulations! Reaching $1 million in revenue is an incredible achievement (less than 10% of businesses ever get there). It’s proof that your vision is working, your customers see the value

uOttawa’s Desjardins Elevator Pitch Competition shows student entrepreneurship is booming
Éric Nelson says there’s something in the air these days at uOttawa regarding entrepreneurship. “You see it in the numbers, but also the attitude of students towards entrepreneurship,” explains the
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.