Rapidly growing CHICC (Canadian Home Improvement Credit Corporation) announces new senior credit facility.

TORONTO, Feb. 1, 2018 /CNW/ - Canadian Home Improvement Credit Corporation ("CHICC"), a specialty lender focused on the home improvement sector, announced that it has closed on a new revolving senior credit facility with an OSFI regulated Schedule 1 financial institution.

CHICC's unique financing platform allows equipment manufacturers and contractors to offer their customers on-site financing. From traditional products like furnaces, windows and doors, to more progressive products such as solar panels and smart-home automation, CHICC will finance, lease or rent these products/services to homeowners across the country.

"We are pleased to have closed this deal with a long-term, strategic partner that supports our vision", said Eamonn Glavey, Founder & CEO of CHICC.  "This new facility will enable our continued growth across the country. It provides us with increased funding capacity, thus allowing our consumer loan portfolio to reach new heights. Combined with our management team expertise and private equity, we are well positioned to capitalize on future opportunities."

About CHICC:

Recently ranked No.5 in Canadian Business and PROFIT 500 (STARTUP 50) as one of Canada's Top New Growth Companies - Canadian Home Improvement Credit Corporation is a consumer loan platform focused on the Canadian housing renovation market. CHICC offers financing solutions that scheduled banks do not, by identifying and refining customized solutions for equipment manufacturers, contractors and their customers. CHICC has been noted for its innovative lending solutions and unique ability to forge long-term relationships.

SOURCE CHICC - Canadian Home Improvement Credit Corporation

CHICC, Eamonn Glavey, Founder & CEO, 1-888-501-4666, [email protected]