QualityStocksNewsBreaks – PowerBand Solutions Inc. (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) Announces Expansion of Existing $300M Credit Facility
PowerBand Solutions (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA), a comprehensive e-commerce solution transforming the online experience to sell, trade, lease, and finance vehicles, today announced its intent to accept loan originations on its Drivrz Financial platform, the Intellacar platform as well as the DrivrzXchange, a revolutionary C2C retail platform. According to the update, the $300 million credit facility was originally executed with the financial institution in July 2020 and was described in a news release dated July 13, 2020. The company has been using this credit facility for lease origination since the date of execution and is now extending it…