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Montfort Capital (TSXV:MONT,OTCMKTS:MONTF) recorded a 186 percent revenue growth to $5.3 million in the second quarter of 2022 compared to $1.8 million in the first three months of 2021. The company also reported $138.3 million worth of total assets as of June 30, 2022. CEO Mike Walkinshaw says the company is relatively stable in these times of great uncertainty.
Montfort is leveraging its tech-enabled lending platform to provide private debt capital to growing businesses. According to Walkinshaw, they have four business segments that lend money to various businesses or individuals who can’t get loans from traditional banks. He cited software companies as an example.
“We’ve built a business around lending money to that particular group of companies, with our specialized management team and a specialized credit system. And we do very well in lending to that segment,” said Walkinshaw.
“Having a specialized management team means they’re experts in the space and they can tell the difference between good and bad. It also means that when the company is maybe not doing as well, you take actions early, and decisively in order to help that company get back on the path, so they continue to make payments on your loan through the entire life of the loan.”
Walkinshaw explains the vast majority of the companies they deal with would find it challenging to obtain private equity or venture capital because they don’t have enough scale. “What’s happening in the software space… is they’re just getting passed over… They’re left in this desert of financing where they can’t find the financing that they need. And so we’re the only option in that particular market.
“While we’re going through a time of great change right now, including having interest rates rising, debt is always the thing that gets paid first. So our payments are coming in,” said Walkinshaw.
The chief executive believes there’s a high degree of certainty that they are carrying forward with their business model, which is relatively stable through times of change.
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