ELEVATE CREDIT, INC. (NYSE:ELVT) Files An 8-K Other EventsItem 8.01
On May 25, 2017, Elevate Credit, Inc. (the “Company”) announced that a new lender committed to $20 million of the maximum borrowing capacity of $350 million under the Company’s US Term Note. As previously disclosed in the Company’s Form 10-Q filed on May 18, 2017, the assignment to the new lender was expected to close during the second quarter of 2017.
About ELEVATE CREDIT, INC. (NYSE:ELVT)
Elevate Credit, Inc. provides online credit solutions to non-prime consumers, typically defined as those with credit scores of less than 700. The Company uses advanced technology risk analytics to provide financial options to its customers, who are not well-served by either banks or legacy non-prime lenders. It offers online installment loans and lines of credit in the United States, and the United Kingdom. Its products, Rise, Elastic and Sunny, provide customers with access to priced credit and services while helping them with credit building and financial wellness features. Its products include credit building and financial wellness programs, such as credit reporting, free credit monitoring (in the United States) and online financial literacy videos and tools. Rise is an installment loan product. As of March 31, 2016, Rise was available in 15 states in the United States. Sunny is the Company’s United Kingdom installment loan product. ELEVATE CREDIT, INC. (NYSE:ELVT) Recent Trading Information
ELEVATE CREDIT, INC. (NYSE:ELVT) closed its last trading session up +0.17 at 7.17 with 134,613 shares trading hands.
Elevate Credit, Inc. provides online credit solutions to non-prime consumers, typically defined as those with credit scores of less than 700. The Company uses advanced technology risk analytics to provide financial options to its customers, who are not well-served by either banks or legacy non-prime lenders. It offers online installment loans and lines of credit in the United States, and the United Kingdom. Its products, Rise, Elastic and Sunny, provide customers with access to priced credit and services while helping them with credit building and financial wellness features. Its products include credit building and financial wellness programs, such as credit reporting, free credit monitoring (in the United States) and online financial literacy videos and tools. Rise is an installment loan product. As of March 31, 2016, Rise was available in 15 states in the United States. Sunny is the Company’s United Kingdom installment loan product. ELEVATE CREDIT, INC. (NYSE:ELVT) Recent Trading Information
ELEVATE CREDIT, INC. (NYSE:ELVT) closed its last trading session up +0.17 at 7.17 with 134,613 shares trading hands.
