Grenville extends up to $1.2 mln in royalty financing to BG Furniture
Grenville Strategic Royalty Corp has agreed to advance up to $1.25 million in financing to BG Furniture Ltd, a Walkerton, Ontario-based builder of home and office furniture products. In exchange, Grenville will receive a royalty based on the company's gross revenue within Grenville's average royalty rate of between 1 percent and 4 percent. BG Furniture said the deal will help accelerate its growth strategy, expand its customer base and continue its product innovation. Since its inception in July 2013, Grenville has completed around $20.9 million in royalty financings in North America.
20 October 2014•7 mins read
