AmeriTrust Launches Lease Originations and Amends $40 Million Offering

AmeriTrust Financial Technologies Inc. announced the commencement of new lease originations along with amended terms for a brokered offering. The company has partnered with Clarus Securities Inc. and Cormark Securities Inc. to facilitate up to $40 million in funding. This includes a $25 million debenture and a $15 million LIFE offering. Additionally, AmeriTrust secured a line of credit from the Bank of Texas to fund lease contracts through its Ameri II Trust.

The proceeds aim to rejuvenate lease originations in 2026, starting from Texas and expanding to Florida and California. The debenture offering allows the issuance of convertible debentures maturing in five years, with an 8% annual interest rate. These offerings are structured to expand AmeriTrust’s market presence in the U.S. dealer market and achieve a 1% market share goal in the coming years.