Money3 Corporation Limited
(ASX:MNY) has secured a $20 million debt facility.
The company says this debt will be used to maintain its strong growth momentum in the secured automotive loan business.
Money3’s says that its loan book has a gross value of around $139 million.
The company also says that its unsecured personal loans have a gross value of around $49 million.
Money3 reported a net profit of $10 million at 31 December 2015.
