Credit line

Center Announces Rs 1.5 Lakh Crore for Emergency Line of Credit Guarantee Program

Center announced additional Rs 1.5 lakh crore for emergency line of credit guarantee program The Center announced on Monday an additional Rs 1.5 lakh crore for the Emergency Credit Line Guarantee Program (ECLGS), which will facilitate loans through microfinance institutions to 25 lakh people. Finance Minister Nirmala Sitharaman said, while announcing the program, that the […]

Credit line

Justpoint secures $ 50 million line of credit to level the playing field for plaintiffs

NEW YORK–(COMMERCIAL THREAD) –Justpoint, the artificial intelligence solution that helps users find the right litigation lawyer for their claim, today announced a $ 50 million line of credit through a strategic partnership with a New York-based financial institution and a $ 300,000 round of funding led by Beresford Ventures, to bring its service to more […]

Credit line

PH seeks $ 500 million contingent line of credit from the World Bank

The Philippines seeks a new loan of $ 500 million from the World Bank, which the government can immediately withdraw money from in the wake of natural disasters and health emergencies. The proposed Fourth Disaster Risk Management Development Policy Loan with Deferred Disaster Drawdown Option (CAT-DDO) will be the most recent addition to the World […]

Financial credit

121 Financial Credit Union launches two new CUSOs

Source: Shutterstock 121 Financial Credit Union, valued at $ 622 million, launched two new CUSOs this week. The Jacksonville, Florida-based credit union partnered with Cupertino, California-based Acreto, a tech company specializing in virtual security, to form the CUSO named Qu-Secure. “Our industry has needed a whole new security model for some time, not just another […]

Credit line

Cruise receives $ 5 billion GM line of credit to purchase Origin electric vehicles

In a tweet earlier today, self-driving rideshare company Cruise announced it has secured a $ 5 billion multi-year line of credit from GM Financial, to help purchase thousands of Origin vehicles. This new line of credit will give Cruise $ 10 billion in total capital to help it deploy its GM-made Origin autonomous vehicles. Cruise […]

Credit line

Cruise secures $ 5 billion line of credit to purchase GM’s electric and autonomous Cruise Origin vehicles – TechCrunch

Cruise, GM’s autonomous subsidiary, has used a $ 5 billion line of credit from the automaker’s financial arm to pay for hundreds of purpose-built electric and autonomous Origin vehicles as they begin to roll off the chain. disassembly. Access to credit provided by GM Financial will bring Cruise’s “total war chest” to more than $ […]

Credit line

FREO Neobank for Millennials: digital savings account, ultra-flexible line of credit, credit cards and EMI, BNPL – all in one place

Our partnership with SEEDS is one of those efforts to bring the power of technologies such as cloud and AI to mitigate damage by mobilizing relief resources more effectively and efficiently. (Representative image) FREO, a credit-focused neobank designed to meet the banking needs of millennials in India and Southeast Asia, has partnered with banks to […]

Credit line

Palace Theater renovation underway with interest-free line of credit from IDA Hamburg | Local company

Construction is underway for renovations to Hamburg’s historic Palace Theater, after the Hamburg Industrial Development Agency backed an interest-free line of credit of $ 215,000 to fund the effort. Renovations by owner Jay Ruof will include a new roof and HVAC upgrades for the 95-year-old cinema, as well as the relocation of the bathrooms and […]