United States - Landlord & Tenant - Leases - Primer On Commercial Real Estate Loan Workouts And Right-Sizing, Part I mondaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondaq.com Daily Mail and Mail on Sunday newspapers.
Line of Credit.ai Offers Standby Letter of Credit Monetization
Share Article TORONTO (PRWEB) February 24, 2021 Line of Credit.ai can arrange and assist clients to purchase, monetize, discount, or create an immediate Non-Recourse loan against a Standby Letter of Credit (SBLC) that they control.
The Standby Letter of Credit Monetization process for the Standby Letter of Credit (SBLC) issues Non-Recourse funds to the Client shortly after the Standby Letter of Credit (SBLC) is delivered to the Monetizer.
We offer 1 Standby Letter of Credit Monetization (SBLC) settlement method:
1. Bank SWIFT - We use the Bank SWIFT Network to have the Standby Letter of Credit (SBLC) delivered Bank to Bank using SWIFT MT799 followed by SWIFT MT760.
Toronto, Ontario (PRWEB) February 23, 2021 Toronto, February 21, 2021 - Line of Credit.ai is an established, independent Equity firm and assists companies
Audit prompts WVa treasurer to seek greater agency oversight
By JOHN RABYJanuary 27, 2021 GMT
CHARLESTON, W.Va. (AP) West Virginia Treasurer Riley Moore said Wednesday his office will seek greater oversight of an agency that a legislative audit says did not keep adequate records of a loan program intended to boost the state’s economy.
Moore, a Republican who took office earlier this month after defeating six-term incumbent Democrat John Perdue in November, said in a statement that the proposed transparency and accountability measures are aimed at taxpayer funds used by the state Economic Development Authority.
“As your new Treasurer, I am not going to sit idly by while unelected bureaucrats squander taxpayer money with impunity,” Moore said. “As the state’s chief financial officer, I have a fiduciary duty to ensure taxpayer funds are spent wisely with absolute transparency and accountability and I will do everything within my power to make sure this never happens ag
For The Inter-Mountain
CHARLESTON The West Virginia Economic Development Authority lost track of a $25 million venture capital loan program and has little to show for success according to a new report.
The West Virginia Post Audit Division released a report Tuesday highlighting the failures of the EDA’s $25 million Non-Recourse Loan Program.
“It is the Legislative Auditor’s opinion that the Loan Program did not achieve the intended outcomes and what was achieved is difficult to quantify,” the report stated.
Created in 2002 by the Legislature at the request of then-governor Bob Wise, the EDA borrowed $25 million from the Investment Management Board (now the Board of Treasury Investments). The EDA then used that money to fund seven venture capital firms who agreed to invest funds in West Virginia and create jobs in the state.