Credit line

Sri Lanka to sign $1 billion line of credit with India to help pay for major imports

Sri Lanka’s finance minister will travel to New Delhi on Tuesday to sign a billion dollar line of credit to pay for essential imports of food and medicine, an official said on Monday, as the island nation grapples with its worst financial crisis in years. The island’s foreign exchange reserves have fallen 70% over the […]

Credit line

Reserve Bank of India issues notification to operationalize USD 500m conditional line of credit

COLOMBO (News 1st); The Reserve Bank of India (RBI) on March 10 issued a notification to operationalize the $500 million line of credit provided by India to Sri Lanka for the purchase of petroleum products, economic times reports. The Export-Import Bank of India (Exim Bank) concluded a pact with Sri Lanka on February 2 to […]

Credit line

Reserve Bank of India issues notification regarding $500m line of credit for Sri Lanka

The Reserve Bank of India (RBI) on Thursday issued a notification to initiate the $500 million line of credit provided by India to Sri Lanka, to finance the purchase of petroleum products. On February 2, the Export-Import Bank of India (Exim Bank) entered into an agreement with the Sri Lankan government to provide a USD […]

Credit line

Lanka set to finalize another line of credit for essential items with India

Colombo, March 9 (PTI) Sri Lanka is set to finalize another credit facility with India for food, medicine and other essentials that would help the island nation cope with the worst economic crisis for decades, official sources said on Wednesday. Sri Lanka is currently reeling from a severe currency crisis with declining reserves. The country […]

Credit line

Zero Interest Line of Credit for Small Businesses Launch of Best Term Loans / Merchant Services

Prestige Business Financial Services LLC, contacted at 1-800-622-0453, has expanded its services to businesses of all sizes and now offers over 30 different financing and passive income programs. Honolulu, United States – March 4, 2022 — With the recent expansion, Prestige Business Financial Services offers comprehensive financing solutions, combining business and personal financing with wealth […]

Credit line

£50m line of credit increase for lender

SME funder Reward Finance Group has received a £50m boost to its credit line from alternative investment manager Foresight Group. Reward says he is now looking to double the size of his business over the next three years, aided by his regional expansion program and the launch of more financing products. The new facility brings […]

Credit line

Deterra Royalties CEO Says Increased Credit Line Supports Mid-Term Investment – Interview

By Rhiannon Hoyle The greatly increased credit limit of Deterra Royalties Ltd. forces the 16-month-old company to buy more royalties, though it’s in no rush to make new investments, its chief executive said. The Australian-listed company, which derives the bulk of its revenue from royalties from the iron ore operations of BHP Group Ltd., said […]

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Sri Lanka set to receive Pakistan’s $200m line of credit after top-level visit – sources

ECONOMYNEXT – Sri Lanka is likely to receive a US$200 million line of credit from Pakistan for essential foodstuffs, rice and cement, sources familiar with the deal have said as the island nation grapples with a serious currency crisis. “It is likely to be signed when a Sri Lankan leader visits Pakistan, possibly before the […]

Credit line

Covid-19: the EIB opens a credit line of XAF 7.8 billion for Cameroonian SMEs

(Business in Cameroon) – The European Investment Bank (EIB) announces that it has approved the opening of a credit line of 12 million euros (7.8 billion XAF) with Commercial Bank Cameroon (CBC). The announcement was made during the EU-Africa Business Forum (EABF) organized ahead of the 6th EU-AU Summit which was launched on 17 February […]

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Update on Pakistan’s $50m Defense Line of Credit for Sri Lanka

Pakistan’s Ministry of Finance (MoF) has advised its Ministry of Defense Production (MoDP) to seek Economic Coordination Committee (ECC) or Cabinet approval to establish a $50 million defense line of credit for Sri Lanka. According to Pakistani media, the Ministry of Defense Production has been instructed to seek approval from the ECC before starting negotiations […]

Credit line

Sitharman discusses $1 billion line of credit from India

(News 1st); Finance Minister Nirmala Sitharaman and Sri Lankan High Commissioner Milinda Moragoda discussed on Friday (11) the finalization of a $1 billion line of credit to be provided by India to the island nation to purchase essential items to overcome an economic crisis. Moragoda met with Sitharaman and conveyed to him Sri Lanka’s appreciation […]

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Crédit Agricole’s non-revolving line of credit is among the top 3 best loans for business development…

Crédit Agricole’s non-revolving line of credit ranked third in the “Best Business Development Loans” category based on Prostobank Consulting’s rating for 2021. This product offers clients the opportunity to not only implement new projects, but also to expand existing commercial capacities. move to a new level of business development. The cost of credit varies from […]

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Emergency Line of Credit Guarantee Scheme: Center provides Rs 2222 Cr to J&K MSMEs to offset COVID-related losses

Srinagar: After years of struggle, Mukhtar Ahmad, 34, launched the Plaster of Paris (PoP) manufacturing unit in 2018. He borrowed huge loans from banks to procure the raw material. He launched a promotional campaign to market his product in the valley. In 2019, his business suffered huge losses. He was struggling to pay the monthly […]

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EBRD opens credit line to Lovćen Bank to support SMEs in Montenegro

Regional today Friday, February 4, 2022, 2:00 p.m. The European Bank for Reconstruction and Development announced that it has launched a new €4 million credit line to Lovćen banka AD Podgorica (Lovćen Bank) to support the competitiveness of small and medium-sized enterprises (SMEs) in Montenegro. In the form of working capital lines and investment loans, […]

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Sri Lanka signs $500m fuel line of credit with India

Published: 03 February 2022 10:33:43 Sri Lanka on Wednesday signed a $500 million line of credit with India to import fuel, officials said, as the island nation seeks to avoid power cuts amid a currency crisis that has hampered purchases of diesel for power plants, reports Reuters. The Export-Import Bank of India (EXIM) will provide […]

Credit line

Sri Lanka signs $500m fuel line of credit with India

COLOMBO, Feb 2 (Reuters) – Sri Lanka on Wednesday signed a $500 million line of credit with India to import fuel, officials said, as the island nation seeks to avoid power cuts in a context of currency crisis which hampered purchases of diesel for power plants. The Export-Import Bank of India (EXIM) will provide the […]

Credit line

Sri Lanka to sign $500m line of credit with India on February 2

Through PTI COLOMBO: Sri Lanka will formally sign an agreement with India on Wednesday for a $500 million line of credit, which would help finance fuel purchases at a time when the country faces its worst financial and energy crisis in decades. decades. Last month, the Indian High Commission here said External Affairs Minister S. […]

Credit line

Sri Lanka to sign deal with India for $500m line of credit that will help Lanka tackle its energy crisis

Colombo, Feb 2 (PTI) On Wednesday, Sri Lanka will officially sign an agreement with India for a $500 million line of credit, which would help finance fuel purchases at a time when the country is facing its worst financial and energy crisis for decades. Last month, the Indian High Commission here said External Affairs Minister […]

Credit line

Budget 2022: extension of the credit line scheme for small businesses | Latest India News

Guaranteed coverage will be extended from ₹50,000 crore to a total of ₹5,000,000,000 with the most recent focus on sectors such as hospitality NEW DELHI: Finance Minister Nirmala Sitharaman announced in the budget on Tuesday that the Emergency Line of Credit Guarantee (ECLGS) program for small businesses will be extended for one year until March […]

Credit line

Sirik power plant construction ramps up with Russian credit line

Russia has allocated a line of credit worth $1.4 billion for the construction of the Sirik power station in Sirik county, Hormozgan province, which will speed up the process.The awarding of the credit line came after Iranian President Ebrahim Raisi met his Russian counterpart Vladimir Putin in Moscow earlier this month when they discussed economic […]

Credit line

$3.6bn fuel line of credit in Oman dropped with conditions – Reuters

The government has decided not to proceed with the proposed $3.6 billion fuel line of credit with Oman due to certain conditions of the agreement. “While we discussed the terms of the deal at length, there were some concerns related to the terms. Therefore, at this stage, Oman’s proposal has become an inactive proposal,” co-cabinet […]

Credit line

RAI says there is a need for an emergency line of credit guarantee scheme for commercial establishments

Retailer RAI’s body said on Tuesday that there was a need to set up the Emergency Line of Credit Guarantee Scheme (ECLGS) for commercial establishments in the sector, which have been impacted by COVID-related restrictions. 19. In its budget wish list, the Retailers Association of India (RAI) also said more money needed to be put […]

Credit line

RAI says there is a need for an emergency line of credit guarantee scheme for commercial establishments

Retailer RAI’s body said on Tuesday that there was a need to set up the Emergency Line of Credit Guarantee Scheme (ECLGS) for commercial establishments in the sector, which have been impacted by COVID-related restrictions. 19. In its budget wish list, the Retailers Association of India (RAI) also said more money needed to be put […]

Credit line

Nanologica: signs a line of credit with the main owner

Nanologica AB has signed a credit line of up to MSEK 50 with the main owner of the company, Flerie Invest AB. The objective is to cover the company’s temporary financial needs while waiting for the cash flows expected from the preparative chromatography activity, in order to meet the requirement of continuity of operation for […]

Credit line

India offers $500m fuel line of credit to cash-strapped Sri Lanka

India has offered a new $500 million line of credit to Sri Lanka to finance fuel purchases, the Indian High Commission in Colombo said on Tuesday, as the island struggles to manage its worst financial crisis in decades. years. The line of credit, which had been under negotiation since August 2021, will ease pressure on […]

Credit line

India offers $500m line of credit to Sri Lanka for fuel

India has offered a new line of credit (LC) of $500 million to Sri Lanka for the purchase of petroleum products. India’s Foreign Minister, Dr S. Jaishankar, gave this vital support in his letter to Sri Lanka’s Foreign Minister, Prof GL Peiris, the Indian High Commission in Colombo said today. “It should be recalled that […]

Credit line

LazyPay launches card with line of credit, 5% cash back, FD Booster and more benefits. Know the details

PayU Finance’s Buy Now Pay Later (BNPL) service, LazyPay, has partnered with SBM Bank India to deepen its arms in the card segment and launched the LazyCard, a prepaid payment-based instrument backed by a line of credit. The LazyCard will be supported by Visa and will refine a strong structure of rewards and offers. The […]

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NBF Announces Reduced Operating Line of Credit for Regenerative Agriculture Practitioners

Farmers who adopt regenerative farming practices could benefit from a reduced interest rate for a financial operating line of credit from the Farmers Business Network (FBN), the FBN announced on January 11. The FBN Regenerative Agriculture Finance Fund line of credit will replace traditional operating loans with a one-year line of credit that includes a […]

Credit line

Sri Lanka seeks $ 1.5 billion Indian credit line amid crisis

Governor of the Central Bank of Lanka Ajith Nivard Cabraal revealed, Sri Lanka has requested a $ 1 billion line of credit for essential imports and a $ 500 million line of credit for oil imports from India to weather the economic crisis. During the recent visit of Lankan Finance Minister Basil Rajapaksa in India […]

Credit line

Line of credit: Sri Lanka seeks $ 1.5 billion Indian line of credit to overcome crisis

Sri Lanka has requested a $ 1 billion line of credit for essential imports and a $ 500 million line of credit for oil imports from India to weather the economic crisis, ET told the Governor of the Lankan Central Bank, Ajith Nivard Cabraal. During Lankan Finance Minister Basil Rajapaksa’s recent visit to India to […]

Credit line

Bohol government calls for emergency line of credit and more help

After Typhoon Odette in Loboc, Bohol. Jorge Carino, ABS-CBN News MANILA (UPDATE) – Bohol Governor Arthur Yap on Wednesday urged the national government to provide an emergency line of credit to provinces affected by Typhoon Odette so they can begin construction efforts. The typhoon killed 99 people, less than 20 are missing and 100 were […]

Credit line

PH to apply for a $ 500 million line of credit from the World Bank for the rehabilitation of Odette

Suite Odette, Amio, Sta. Catalina, Negros Oriental THE government will access the World Bank’s 500 million dollars (approximately 24.96 billion pesos) line of credit for the rehabilitation of areas affected by Typhoon “Odette”, according to the Ministry of Finance. “The financing of the rehabilitation after the typhoon is secured thanks to the loan of 500 […]

Credit line

Italian Leonardo signs € 600 million ESG credit line

MILAN, December 20 (Reuters) – The Italian aerospace and defense group Leonardo LDOF.MI announced Monday that it had signed a new ESG line of credit worth 600 million euros ($ 678 million), securing half of the group’s sources of funding. The credit line, which matures in early 2027, is intended for the refinancing of bonds […]

Credit line

World Bank approves US $ 300 million line of credit to strengthen Colombia’s resilience to disasters, climate change and health emergencies

Washington DC, December 17, 2021 – The World Bank Board of Directors today approved a US $ 300 million loan to Colombia to strengthen its resilience to natural hazards, climate change and health emergencies. The Third Disaster Risk Management Development Policy Loan with Disaster Deferred Drawdown Option (Cat DDO III) is a conditional line of […]

Credit line

World Bank approves US $ 300 million line of credit to strengthen Colombia’s resilience to disasters, climate change and health emergencies – Colombia

Washington DC, December 17, 2021 – The World Bank Board of Directors today approved a US $ 300 million loan to Colombia to strengthen its resilience to natural hazards, climate change and health emergencies. The Third Disaster Risk Management Development Policy Loan with Disaster Deferred Drawdown Option (Cat DDO III) is a conditional line of […]

Credit line

AfDB approves € 70 million line of credit and $ 24 million equity investment in the West African Development Bank

The Board of Directors of the African Development Bank (AfDB.org) approved a line of credit of 70 million euros and an equity investment of 24 million dollars, to be granted to the West African Development Bank. The line of credit will support businesses in the West African Economic and Monetary Union, particularly in job-creating sectors […]

Credit line

Gasgoo Auto news – Gasgoo

With Gasgoo Daily, we will provide important automotive news in China on a daily basis. For those we have flagged, the article title will include a hyperlink, which will provide detailed information. HOZON Auto granted 2 billion yuan worth of credit line to Bank of Shanghai Bank of Shanghai, HOZON automatic signature agreement; photo credit: […]

Credit line

HOZON Auto granted 2 billion yuan worth of credit line to Bank of Shanghai

With Gasgoo Daily, we will provide important automotive news in China on a daily basis. For those we have flagged, the article title will include a hyperlink, which will provide detailed information. HOZON Auto granted 2 billion yuan worth of credit line to Bank of Shanghai Bank of Shanghai, HOZON automatic signature agreement; photo credit: […]

Credit line

IDB Approves $ 300 Million Line of Credit to Improve Integration in Cuenca del Plata

The Inter-American Development Bank approved a $ 300 million line of credit improve the integration of the countries located in the Cuenca del Plata, through actions in sustainable infrastructure, trade facilitation and urban development in border areas. La Cuenca del Plata includes the basins of the Paraná, Paraguay, Uruguay and La Plata rivers. It covers […]

Credit line

How the line of credit is redefining accessibility to credit for millennials

Line of credit is one of the new age products that allows you to borrow money over and over, up to a predefined limit. As the younger generation does not hesitate much to use credit for the purchase of goods and services, as well as traditional means such as bank loans and credit cards, various […]

Credit line

IFC opens $ 1.8 million line of credit to complete major project in DR Congo – pv magazine International

A planned 100 MWac solar farm in the Katanga region will be bolstered by an additional line of credit following the accession of the International Finance Corporation and the British and Norwegian governments Globeleq. December 8, 2021 Max Room The International Renewable Energy Agency estimated a year ago that DR Congo only had 20 MW […]

Credit line

Center at Lok Sabha – The New Indian Express

Through Express news service NEW DELHI: Despite so much government pressure to extend credit to small industries, so far Rs 2.82 lakh crore has been sanctioned under the Emergency Line of Credit Guarantee Program (ECLGS). “As reported by the DFS, on November 19, 2021, Rs 2.82 lakh crore were sanctioned under this program,” MSME Minister […]

Credit line

FINRA bans ex-Morgan Stanley rep from using customer line of credit for himself

What would you like to know Morgan Stanley allowed the ex-broker to resign after a client claimed to have used a customer line of credit for himself. FINRA ruled him out after he refused to cooperate with his investigation into his dismissal from the company. Through his lawyer, the broker denied the client’s request. The […]

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Xi Jinping promises $ 10 billion line of credit to African financial institutions

Reuters Monday, November 29, 2021 9:27 a.m. Nov. 29 (Reuters) – Chinese President Xi Jinping on Monday announced that a cross-border Sino-African yuan center would be set up to provide African financial institutions with a $ 10 billion line of credit. China will also offer an additional 1 billion doses of COVID-19 vaccines to African […]

Credit line

Bulgarian Fund of Funds and Fibank agree line of credit for rural farmers and SMEs

SOFIA (Bulgaria), November 26 (SeeNews) – The fund of funds (FoF) managed by the Bulgarian state and the local First Investment Bank (Fibank) [BUL:FIB] has agreed to launch a line of credit exceeding 70 million levs ($ 40.1 million / 35.8 million euros) for farmers and small and medium-sized enterprises (SMEs) in rural areas, announced […]

Credit line

Calfrac Well Services increases its line of credit and its investment budget

By Adriano Marchese Calfrac Well Services Ltd. said Thursday it has increased its line of credit to C $ 250 million, or approximately US $ 197.3 million, as well as its capital budget as it seeks to expand its operations in North America. The Canadian oil services company said it had performed the accordion function […]

Credit line

India Fuel Line of Credit at the end of this month

$ 500 million line of credit over 3 years at nominal interest rateTerms to be finalized: AttygalleGammanpila reiterates that there is no shortage of fuel BY Shenal Fernando The $ 500 million fuel line of credit, which Sri Lanka requested from India some time ago, is expected to be received by the country by the […]

Credit line

IMF backs smaller $ 50 billion line of credit in Mexico as risks diminish

(Bloomberg) – The board of directors of the International Monetary Fund has approved a $ 50 billion line of credit for Mexico, reducing the amount it has provided in previous years because it argues that the country’s economic outlook have improved. Bloomberg’s Most Read The two-year flexible line of credit, designed for crisis prevention, is […]

Credit line

Philippines secures $ 500 million World Bank disaster line of credit

The Philippines received more disaster protection with help from the World Bank as its government signed another $ 500 million disaster line of credit under a new option agreement. deferred disaster withdrawal, known as CAT-DDO 4.The Philippines has already benefited from these new disaster credit agreements, having already implemented two specific deferred disaster drawdown options. […]

Credit line

WB Approves Line of Credit to Protect Philippine Fiscal Health from Disasters and Disease

The World Bank Board of Directors today approved a new conditional line of credit to help strengthen the institutional and financial capacity of the Philippines to manage risks associated with climate change, natural disasters and epidemics. The Fourth Disaster Risk Management Development Policy Loan with Disaster Deferred Withdrawal Option (CAT-DDO 4) provides $ 500 million […]

Credit line

WB approves line of credit for risk management related to climate change, natural disasters and epidemics

WASHINGTON, November 17, 2021 – The World Bank Board of Directors today approved a new conditional line of credit to help strengthen the institutional and financial capacity of the Philippines to manage risks associated with climate change, natural disasters and epidemics. The Fourth Disaster Risk Management Development Policy Loan with Deferred Disaster Drawdown Option (CAT-DDO […]

Credit line

DFCC receives $ 150 million line of credit from US DFC

DFCC Bank used $ 150 million of credit lines made available by the US government’s International Development Finance Corporation (DFC) to on-lend them to local micro, small and medium-sized enterprises (MSMEs) sectors. Commenting on the line of credit and the benefits, Lakshman Silva, CEO of DFCC Bank said: Economic growth of the country which has […]

Credit line

My credit card issuer is cutting my line of credit in half. Will it hurt my credit score?

Welcome to Ask Clark, a column designed to answer your financial questions, by money expert Clark Howard. Will losing half of my credit line on a card hurt my credit score? Louisiana Myron demand: “I have a credit card that I have had for over 20 years. The credit limit is $ 18,000. In the […]

Credit line

Q&A: Getting a line of credit for your ’40 Act fund – Finance and Banking

United States: Q&A: Getting a line of credit for your ’40 Act fund 03 November 2021 Cadwalader, Wickersham & Taft LLP To print this article, simply register or connect to Mondaq.com. With lines of credit offering greater flexibility in managing liquidity needs, law 40 regulated funds and business development companies are turning to them. In […]

Credit line

Alkame secures million dollar operating line of credit

LAS VEGAS, 21 October 2021 / PRNewswire / – Alkame holding, Inc. (OTC PINK: ALKM) has entered into the revolving financing agreement with its private equity lender and major shareholder. Under the agreement, the Company has the ability to pull the line based on a percentage of the purchase orders it has received from customers […]

Credit line

New Mexico considers $ 5 million line of credit for cannabis microenterprises

The New Mexico Finance Authority has presented a proposal that opens a $ 5 million line of credit for cannabis microenterprises to promote social and economic equity in the cannabis industry, the Associated press reports. Under the proposal, eligible cannabis companies are eligible for state loans of $ 250,000 with a repayment period of up […]

Credit line

Tiger Finance offers $ 8.2 million line of credit to outdoor adventure brands

Tiger Finance has closed $ 8.2 million in development financing for Outdoor Adventure Brands (OAB), an e-commerce and retail organization known for its Austin Canoe and Kayak stores in Texas and Summit Sportslocations in Michigan. Private Value Support Digital Fuel Capital, an Internet business-centric investment firm, is an investor in the specialty sporting goods retail […]

Credit line

Pelorus Equity Group Secures $ 20 Million, 4.75% Line of Credit with FDIC Insured Bank

Cannabis dispensary sign NurPhoto via Getty Images Newport Beach-based private home loan provider Pelorus Equity Group has announced that it has secured a line of credit of up to $ 20 million from a Florida-based FDIC-insured bank at 4.75 % and no non-use charge, according to business owners. needs and qualifications. Pelorus Equity Group specializes […]

Credit line

Government approves $ 3.6 billion line of credit to Oman to finance oil purchases

But says no decision has been made on offering Oman an oil exploration block The Cabinet of Ministers this week approved a proposal to enter into a loan agreement for a US $ 3.6 billion line of credit with the government of Oman to finance the oil supply for a period of one year. . […]

Credit line

Silvergate Bank Grants $ 100 Million Line of Credit to Mining Company Marathon Digital By Cointelegraph

Marathon Digital Holdings, a US-based cryptocurrency mining company, secured a $ 100 million revolving line of credit with Silvergate Bank using USD and. According to information provided by Marathon Digital, the mining company got the crypto-friendly bank’s $ 100 million line of credit on Friday. The business will use the credit to buy Bitcoin (BTC) […]

Credit line

Silvergate Bank Grants $ 100 Million Line of Credit to Mining Company Marathon Digital

Marathon Digital Holdings, a US-based cryptocurrency mining company, has secured a $ 100 million revolving line of credit with Silvergate Bank using USD and Bitcoin. According to information provided by Marathon Digital, the mining company got the crypto-friendly bank’s $ 100 million line of credit on Friday. The company will use the credit to purchase […]

Credit line

Centerspace improves and extends its line of credit; Repay bank loans

MINNEAPOLIS, September 30, 2021 / PRNewswire / – Centerspace (NYSE: CSR) today announced that it has modified and expanded its $ 250 million Revolving credit facility. The new installation includes an accordion function for up to $ 400 million and matures in September 2025 with two optional six-month extensions. In addition to the new line […]

Credit line

Ministry of Finance extends emergency credit line guarantee program until March 2022

The Ministry of Finance Wednesday widened the scope of ₹ 4.5 lakh crore Emergency Line of Credit Guarantee System (ECGLS) to support micro, small and medium-sized businesses facing liquidity challenges due to the COVID-19 pandemic. The program’s validity has been extended for six months until March 31, 2022, the ministry said in a statement. The […]

Credit line

Modified Emergency Line of Credit Guarantee Scheme, deadline extended to March 2022

The Emergency Line of Credit Guarantee Scheme (ECLGS) since its inception has extended relief to over 1.15 crore of Micro, Small and Medium Enterprises (MSMEs) and Enterprises. It helped eligible borrowers meet their operational obligations and restart their activities following the disruptions caused by the COVID-19 pandemic. As of September 24, 2021, sanctioned loans exceeded […]

Credit line

Ngern Tid Lor Unveils New Low Interest Line Of Credit For Truck Loans, Help Increase Flows For Business Enterprises In The Future

Ngern Tid Lor Unveils New Low Interest Line Of Credit For Truck Loans, Help Increase Flows For Business Enterprises In The Future Ngern Tid Lor PCL, a leading non-bank financial firm, led by Nattawat Anantathanadid, vice president of marketing and business development, announced a new campaign offering reduced credit interest on truck loans, from 0.46% […]

Credit line

Caixa Econômica has launched a line of credit via mobile phones and values ​​up to BRL 1000

Photo: Marcelo Casal Jr. / Agência Brasil The Caixa Econômica Federal announced Monday (27) the credit “Caixa Tem”. According to CEF, around 100 million customers could order it. Loans range from R $ 300 to R $ 1,000 and can be taken directly through the cell phone. The registration update and credit application, subject to […]

Credit line

Arzooo allocates a line of credit of Rs 300 cr to retailers of durable consumer goods

Sales of consumer durables are expected to boom this holiday season, the biggest selling season of the year, translating into a huge user base for existing retail store owners. However, with the pandemic having had a huge impact on the offline retail market, securing working capital and meeting customer demand at a reasonable cost is […]

Credit line

Avail Finance presents ‘CreditATM’, a new generation line of credit with easy-to-use features for blue collar workers

Avail Finance, one of India’s leading neo-banks providing products and offerings to the Indian workforce, recently launched ‘CreditATM’, a new line of credit with user-friendly features for its primary audience. With a single application and a lifetime credit system, Avail Finance aims to provide support through a modern line of credit in times of cash […]

Credit line

Government set to extend emergency line of credit program until March 31 – The New Indian Express

Express news service NEW DELHI: The government plans to extend its Emergency Line of Credit Guarantee Program (ECLGS) until March 31, 2022, as more than Rs 1.60 lakh crore remains unused. “The ECLGS device was well received by MSMEs during the Covid period. However, the pace of disbursements has been slower than expected. We plan […]

Credit line

BAIC group offered RMB 80 billion line of credit by ICBC

Beijing (Gasgoo) – BAIC Group has signed a strategic agreement with the Beijing branch of the Industrial and Commercial Bank of China (ICBC), representing another successful case of the financial sector serving the development of high-end manufacturing. Signature of an agreement between the BAIC group and ICBC; photo credit: ICBC In accordance with the agreement, […]

Credit line

Flipkart extends additional benefits on EMI offers, opens line of credit up to Rs 70,000; Know how to take advantage of the “Flipkart Pay Later” EMI function

Flipkart has extended additional benefits over EMI offerings to encourage its customers. He also recently announced that his Big Billion Days 2021 sale is coming soon. However, the dates have not yet been revealed. The e-commerce giant has extended the benefits of its “Flipkart Pay Later” offering to promote the affordability and convenience of shopping […]

Credit line

Wynn secures $ 1.5 billion Bank of China line of credit

Wynn Resorts has entered a agreement with the Bank of China to secure a $ 1.5 billion line of credit. Recent reports have suggested that Wynn plans to spend $ 100 million to market his sports betting app WynnBet during this year’s football season. Wynn also before announcement its online games division, Wynn Interactive, go […]

Credit line

Monzo applies BNPL’s fashionable shine to an old-fashioned line of credit

Monzo’s much-heralded buy now, pay later product appears to be more like an old-fashioned pre-approved line of credit, giving customers the option to pay off interest-free loans in three installments or incur an annual interest rate of 19% for a longer payment. plans. Launched today, Monzo Flex has all the features of a traditional credit […]

Credit line

Polaris Bank supports private school owners with a line of credit

Polaris Bank has an impact on the education sector in Nigeria with a significant increase in funding through its bundled lending solution called ‘Polaris Education Loan’ as it sets aside a dedicated line of credit to support private school owners . The Polaris Education Loan provides clients of the Bank’s private primary, secondary and tertiary […]

Credit line

Decide on the inclusion of the water sector in the emergency credit line guarantee program: from the HC to the center

The Delhi High Court has asked the central government to decide whether the drinking water and wastewater management sectors can be included in the Emergency Line of Credit Guarantee Program (ECLGS). Judge Prateek Jalan has asked the Department of Financial Services (DFS) of the Ministry of Finance to take a decision on the representations made […]

Credit line

Cath Kidston SellersFinancing of £ 5million line of credit

When we talk about financing services for market businesses, too often we assume that they only serve businesses looking for a relatively small line of credit. You are looking for £ 5,000, £ 10,000, £ 50,000 or even £ 100,000 and modern fintech companies are here to help. It is a mistake to think that […]

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 […]