FAVO Capital Inc. (FAVO): Aligning for Growth in a Booming Alternative Lending Market
FAVO recently secured an $8 million equity investment to fund growth and accelerate its plan to uplist to the Nasdaq Capital Market The company voluntarily converted all super voting Series C Preferred Shares, simplifying its capital structure and improving governance transparency With SMBs turning away from traditional banks, FAVO’s revenue-based lending platform meets rising demand for fast, flexible funding solutions As inflationary pressures and elevated interest rates strain traditional financing channels, small and medium-sized businesses (“SMBs”) are increasingly seeking alternative funding sources to maintain liquidity and drive growth. Bank approval rates for SMB loans have dropped significantly - from 83%…