Snipp Interactive Inc (TSXV:SPN), a global provider of digital marketing promotions, rebates and loyalty solutions announced that it has entered into a new $2 million credit facility with Bridge Bank. The company said that the credit facility is an accounts receivable line of credit for up to $2 million and provides Snipp with additional working …
Snipp Interactive Inc (TSXV:SPN), a global provider of digital marketing promotions, rebates and loyalty solutions announced that it has entered into a new $2 million credit facility with Bridge Bank.
The company said that the credit facility is an accounts receivable line of credit for up to $2 million and provides Snipp with additional working capital. The company has its headquarters in Tornoto, Canada with offices located in various parts of the world. Its solutions include shopper marketing promotions, loyalty, rewards, rebates and data analytics.
As quoted in the press release:
“Adding a credit facility to our financial structure is another tangible sign of the growth of Snipp as a company and a vote of confidence in our future,” said Snipp CEO Atul Sabharwal. “Although we are debt free, we realize that access to additional funds will ensure our ability to maintain our growth without interruption. Financial flexibility has become particularly important as the size and volume of our contracts continues to increase.”
“Bridge Bank is pleased to bring on board Snipp as a client,” said Michael Calvello, vice president in Bridge Bank’s Capital Finance banking group. “We are excited about their growth potential, and look forward to providing them with flexible financial solutions as they continue to execute their strategic plan.”
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1757.75 | +3.02 | |
Silver | 19.96 | +0.02 | |
Copper | 3.51 | +0.04 | |
Palladium | 2088.50 | +12.50 | |
Platinum | 893.50 | +4.49 | |
Oil | 98.72 | +2.30 | |
Heating Oil | 3.63 | +0.02 | |
Natural Gas | 8.21 | +0.08 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured Data Investing Stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.