Amfil Technologies Inc (FUNN)

[dealerschool2006]

Why haven’t FUNN Execs successfully secured a low interest loan to cover 5 years of operations?
Operating in the USA but located in Canada makes growth financing more challenging. Many loans can only be secured by US citizens. US Funders also want data of success in the USA and discount any achievement in Canada. There is a path forward, but as mentioned we need to build the company up enough, show a true footprint and traction to profitability prior to securing such funding. We are currently working with 2 banks for funding on a smaller scale to support immediate grow and optimization initiatives.

https://www.snakesandlattes.com/shareholders-faq