Export Development Canada (EDC) has increased Enablence’s senior loan facility from C$3 million ($2.34 million) to C$5 million ($3.91 million) to provide additional working capital in support of the fulfillment of customer orders. The company expects to be drawing on the expanded facility in the near term.

The loan facility is available in the form of a term loan for a period of 18 months, with the repayment of principal to commence 18 months after the first draw on the loan. Principal is to be repaid in 17 equal monthly installments and is secured against all the assets of the company and guaranteed by the company’s subsidiaries.

EDC is Canada’s trade finance agency, providing financing and insurance solutions locally and around the world to help Canadian companies of any size respond to international business opportunities.

Ottawa-based Enablence is a publicly traded company that designs, manufactures and sells optical components and subsystems to a global customer base.