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AI warns govt of loan default consequences

AI warns govt of loan default consequences
Air India has warned the Prime Minister’s Office (PMO) and the finance ministry that the country’s sovereign rating may be hit as the airline is on the brink of defaulting on interest payments on foreign loans of Rs 15,000 crore. The loans are backed by a government guarantee.

Loan for $600K will assist in reconstructing rail switch

Loan for $600K will assist in reconstructing rail switch
FOREST CITY — The Winnebago Cooperative Telecomm Association (WCTA) will receive a $600,000 interest-free loan from the U.S. Department of Agriculture ’s office of Rural Development to help purchase 27.6 miles of rail and reconstruct a rail switch to ensure rail service in North Iowa.

Synchronica PLC – Loan Agreement and Issue of Equity

Synchronica PLC – Loan Agreement and Issue of Equity
Synchronica PLC – Loan Agreement and Issue of Equity

Be the first to comment - What do you think? Posted by admin - July 2, 2011 at 12:02 pm

Categories: Bridge Loan Lender Tags: Agreement, Equity, Issue, Loan, Synchronica

Emergency Homeowners’ Loan Program accepting ‘lottery’ applicants

Emergency Homeowners’ Loan Program accepting ‘lottery’ applicants
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Saab Gets $36M Bridge Loan

Saab Gets $36M Bridge Loan
Saab has secured a?$36 million bridge loan from Gemini Investment Fund Ltd. that will help the troubled carmaker stay afloat in the short term.

Loan balances Hemet budget — for now

Loan balances Hemet budget — for now
A reluctant Hemet City Council on Tuesday approved a budget balanced only because the city approved a loan from its water account to the general fund.

Saab secures $36 million bridge loan from Gemini to help it stay afloat short-term

Saab secures $36 million bridge loan from Gemini to help it stay afloat short-term
STOCKHOLM – Swedish Automobile NV says it has secured a €25 million ($36 million) bridge loan for Saab from Gemini Investment Fund Ltd. That will help the car maker stay afloat until it has settled its other financing agreements.

Broke New Jersey Seeking $2.25 Billion Bridge Loan At Up To 9% From JPMorgan For Emergency Funding

Broke New Jersey Seeking $2.25 Billion Bridge Loan At Up To 9% From JPMorgan For Emergency Funding
Is New Jersey the canary in Meredith Whitney’s coalmine? According to the WSJ, New Jersey may be the first state to use the highly unconventional approach of using a commercial bank funded bridge loan as large as $2.25 billion to “plug a cash shortfall.” The loan raised by Chris Christie’s state, “would… Continue reading

Be the first to comment - What do you think? Posted by admin - June 29, 2011 at 6:14 pm

Categories: Commercial Bridge Loans Tags: $2.25, Billion, BRIDGE, broke, Emergency, from, Funding, Jersey, JPMorgan, Loan, seeking

Saab secures $36 million bridge loan from Gemini

Saab secures $36 million bridge loan from Gemini
Saab has secured a euro25 million ($36 million) bridge loan from Gemini Investment Fund Ltd. that will help the troubled carmaker stay afloat in the short term, its owner said Wednesday.

Borro completes £1m loan

Borro completes £1m loan
Borro has completed its first £1 million loan.