Daily News: November 20, 2014

US Capital Provides Tora Ventures Financing

US Capital Partners provided a $100,000 term loan, scalable to $500,000, to Tora Ventures.

“We are extremely pleased to have provided a well-structured term loan scalable to $500,000 for this expanding Canadian distributor of roofing materials,” said Jeffrey Sweeney, CEO and managing director at US Capital Partners. “Tora Ventures was seeking working capital to sustain the growth of its two-year-old business. As an enterprise based in Canada, Tora Ventures was finding it challenging to locate sources of capital domestically. The investment team at US Capital Partners was able to structure and provide a scalable term loan for the business designed to support its continued expansion.”

Based in Calgary, Alberta, Tora Ventures is a distributor of residential and commercial roofing materials.