News Release
Armada Mercantile Ltd., (Symbol: CSE: ARM and USOTC: AAMTF) continues to fund businesses through its affiliated ownership companies. Since January 2018, Armada’s trade finance business has grown from approximately $500,000 in revolving book size (purchased accounts receivables or financed invoices) to approximately $10,000,000. Our goal for 2020 is to achieve revolving book size of $20,000,000 subject to adequate capital on hand and approved client accounts.
Sauna and Jacuzzi Company Greater San Francisco, CA $500,000 vendor procurement line of credit paying vendors and suppliers earning early payment discounts and accelerating the sales cycle.
Leading Printed Label Supplier Greater Los Angeles, CA $1,000,000 vendor procurement line of credit paying vendors and suppliers earning early payment discounts and accelerating the sales cycle.
Medical Products Company Greater Kansas City, MO $1,200,000 vendor procurement line of credit paying vendors and suppliers earning early payment discounts and accelerating the sales cycle.
IT Solutions Provider Greater New York, NY $500,000 factoring line of credit providing on-demand working capital support for increased sales growth rates.
Leading Printed Label Supplier Greater Los Angeles, CA $1,000,000 factoring line of credit providing on-demand working capital support for increased sales growth rates.
Commercial Telecommunications Equipment Los Angeles, CA $4,000,000 factoring line of credit providing on-demand working capital support for increased sales growth rates.
For more information pertaining to Armada Mercantile Ltd., visit: www.armadamercantile.com.