Friday, May 22, 2015

Technology CU to Launch Asset-Based Business Lending Program

San Jose, California-based Technology Credit Union announced that it will now provide asset-based loans, including accounts receivable and inventory financing. The credit union will provide small- and mid-size companies revolving credit facilities between $100,000 and $5 million, to be used for debt refinancing and equipment purchases, as well as to supplement working capital.

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