VANCOUVER, BC, Dec. 6, 2023 /CNW/ – Merchant Growth, a leading provider of financing for small businesses, is proud to announce a $300 million forward flow facility provided by funds managed by affiliates of Fortress Investment Group LLC (“Fortress”) with Raymond James serving as the financial advisor to Merchant Growth Ltd. This facility supports Merchant Growth’s plan to refinance thousands of Canada Emergency Business Account (CEBA) loans, enabling small businesses to capitalize on the partial debt forgiveness opportunity offered by the federal government.
The Canada Emergency Business Account (CEBA) has been a lifeline for many small businesses, providing critical financial support during challenging times. Recognizing the importance of helping businesses navigate their financial obligations, Merchant Growth has collaborated with Fortress to put in place this significant program…
