Merchant Opportunities Fund Closes $27.5 Million BMO Credit Facility

The Merchant Opportunities Fund, a Vancouver-based diversified credit opportunities fund focused on prudently compounding capital over the long-term, today announced that it has closed a revolving debt facility with the Bank of Montreal ("BMO"). The facility consists of a $15 million funding commitment with a two-year term along with a $12.5 million accordion.

The Merchant Opportunities Fund invests in well-selected proprietary specialty finance portfolios, that in many cases consist of loans or advances that are originated, underwritten, and serviced by their primary originator, Merchant Growth. The BMO debt facility specifically provides funding for the Merchant Growth portfolio.

“This year has been challenging for many small businesses. As we get through this pandemic and government subsidies inevitably taper off, the specialty finance industry will play a critical role in supplying capital to businesses as they reboot and grow again. This facility with BMO gives us the debt capital to ensure that Merchant Growth leads this important charge, while also improving the financial performance of our funding vehicle, the Merchant Opportunities Fund,” said David Gens, President & CEO of the Merchant Opportunities Fund and Merchant Growth.

Through the fund’s ten-year track record of prudence and profitability, the Merchant Opportunities Fund has helped their investors generate attractive and consistent returns while also contributing to the prosperity of more than 14,000 businesses and individuals.

About Merchant Opportunities Fund

Our mission is to provide our investors with returns typically only accessible to institutional or accredited investors through private investments, coupled with greater liquidity options through flexible redemption rights. We do this by investing in short-term, small to mid-sized business credit and consumer loans originated by successful specialty finance companies. Since 2010, our capital has contributed to the prosperity of more than 14,000 Canadian businesses and individuals. To learn more, visit: www.merchantopportunitiesfund.com.

About Merchant Growth

Merchant Growth is a leading Canadian financial technology company that specializes in small business financing. Over the past decade, Merchant Growth has supported Canadian businesses with hundreds of millions of dollars in growth financing. Using an innovative approach that includes the latest technology, complete transparency and thoughtful customer care, Merchant Growth is committed to helping make business financing easy to understand and accessible. To learn more, visit: www.merchantgrowth.com.

Contacts

Kevin Clark | Managing Director | Merchant Opportunities Fund | (866) 240-3694 | kclark@merchantgrowth.com