Marble Financial Executes Definitive $10 Million Credit Facility Agreement With Cypress Hills Partners Inc., to Fund Its Fast-Track Loan Product
Summary
The Fast-Track program helps qualified Canadians accelerate their credit rebuilding process by exiting their Consumer Proposal and commencing their journey back to mainstream financial inclusion. Data Analysis will continue to provide meaningful insights on future products and solutions for the millions of underbanked Canadian that are excluded from traditional financial services. In the midst of Canada’s slow recovery from the COVID-19 pandemic and the ending of government-led income subsidiary and deferral programs, a July 2021 Debt Survey by MNP has shown that 45% of Canadians are doubtful they can cover living expenses this year, with a massive 30% report being insolvent(2). Marble’s Fast-Track program, combined with MyMarble, is a proven successful solution for this large population of goal-oriented Canadians who have recently become insolvent or filed for a consumer proposal caused by a perpetual state of low-income. Cypress Hills Partners is adept in leveraging technology and financial structuring experience, to accelerate the growth of specialty lending platforms and service providers, creating a differentiated market advantage.