ROSEVILLE, CA, July 9, 2019— California-based Armada Mercantile Ltd. (CSE: ARM; USOTC: AAMTF) is celebrating an unprecedented surge in the growth of its business over the last year. The publicly traded financial services provider has grown its commercial finance business tenfold in the last 12 months.
“Fees generated by our high margin commercial finance business has allowed us to create cash for our investors and us,” says Armada president Patrick Cole. “Our team has done a great job of acquiring new clients and raising the needed capital to fund them. We now have committed capital on hand to double our business.”
The capital Armada has raised has been non-dilutive and debt-free for its shareholders. The capital is used to fund small, medium, and large businesses by providing working capital at competitive rates with superior client services to help businesses grow. Specialized financing strategies and a commitment to upholding good underwriting practices have been foundational for Armada since the company’s inception.
Over the last three decades, Armada’s team has launched, financed, invested, and operated in a number of industries worldwide, including natural resources, travel, aviation, technology, energy, and telecommunications. Its diverse team of professionals serves businesses in both the private and public markets by providing consulting services, lending and securities capital raising through its fully licensed entities.
Moving forward, Armada intends to build on its momentum in a number of ways, including plans to pay quarterly dividends in the near future.
“We have ample, committed capital on hand to fund existing clients or new prospects,” Cole says. “With our large broker network and effective social media campaigns to attract new business, we believe our growth pattern will continue upward.”