Milacron announced Monday that it was granted a two-week extension of its accounts receivable financing arrangement, through March 12.
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Milacron is talking to banks and investors about how it can meet these obligations and replace its current accounts receivable financing arrangement.
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The firm focuses on asset-based lending, accounts receivable financing and management, international supply chain financing and servicing for clients in North America and Asia.
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Small businesses that don't want to give up a piece of the ownership, can seek community loan development funds or, if they have revenues, might use royalty or accounts receivable financing.
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The STCF modular system consists in several levels, which identify the typical stages of each STCF transaction : a pre-export financing, a warehouse and transport financing, a tolling financing and an accounts receivables financing.
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Small-business owners who provide information about their business, credit history and financing preferences _ such as conventional bank loan, equipment loan, accounts receivable financing or corporate credit card _ get matches with potential lenders, but not loan guarantees.
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EagleBank's loan portfolio consists of commercial loans for business purposes, including working capital, equipment purchases, lines of credit, and government contract financing; asset based lending and accounts receivable financing; construction and commercial real estate loans; business equipment financing; consumer installment loans, including automobile and personal loans; personal lines of credit; residential mortgage loans; and credit card services.
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