TORONTO, Dec. 18, 2025 (GLOBE NEWSWIRE) -- Clip Money Inc. (TSXV:CLIP) (OTCQB:CLPMF) ("Clip Money" or the "Company"), a company that operates a multi-bank self-service deposit system for businesses, is pleased to announce that it is has secured a CAD$3 million loan (the "BDC Loan") from Business Development Bank of Canada's ("BDC") Growth and Transition Capital team.

The BDC Loan matures on August 15, 2028 (the "Maturity Date") and has an interest rate equal to BDC's floating base rate, which was 6.8% per annum as of October 24, 2025, plus 1% per annum, calculated daily. There is an additional interest component of 7.45% per annum (non-compounding) (the "Additional Interest"), calculated monthly on the total indebtedness of the Company to BDC outstanding under the BDC Loan on such calculation date. The principal amount of the BDC Loan may be repaid as one balloon payment on the Maturity Date, together with all accrued and unpaid interest, plus the Additional Interest, subject to the terms of the BDC Loan documentation.

Clip Money and its subsidiary, Clip Money (USA) Inc., have granted BDC a first-ranking security interest over all or substantially all of its present and after-acquired personal property, subject to customary permitted priority liens. Clip Money (USA) Inc. has also provided BDC with a guarantee of 100% of the amounts owing under the BDC Loan.

The financing will be used for working capital and growth initiatives of the Company.

There are no bonus securities, finder's fees ...