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(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in…
(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in…
(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in…
February 9, 2021 American Express will leverage its global brand to offer small businesses unsecured loans, in a first for the company outside of the United States. The launch of American Express’ business loans will offer unsecured capital of between $5,000 and $250,000 to SMEs in Australia on annual interest rates starting at 10.95%. Martin Seward, American Express Australia’s vice-president of global commercial services, says the need for the new product is based on AMEX’s own research, which found Australian SMEs are looking for $130 billion in capital. “We certainly believe smal...
OAREX Locks In $50M Bank Debt for Future Digital Payouts News provided by Share this article CLEVELAND, Feb. 1, 2021 /PRNewswire/ -- On December 14 th, OAREX closed a $50M line of credit with East West Bank, an FDIC insured institution. This new capital brings OAREX's total line of credit to $100M, with the other $50M secured from Arena Investors of New York in July, 2019. $100M to Buy Future Digital Payouts OAREX will use the funds to continue to buy future digital payouts from online businesses. Access to liquidity for a rapidly growing online business is necessary to sustain growth, becaus...