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Bank Offers Tariff Help

December 1, 2018

To assist metalformers impacted by the aluminum and steel tariffs, Sunwest Bank in Irvine, CA, has introduced a special Tariff Line of Credit. In a press release, the bank explains the reason for the Tariff Line of Credit: “Given the significance of these tariffs and the traditional accounts receivable/borrowing base calculations for banks, many borrowers will run out of capacity through their traditional facilities. As entrepreneurs, we realize the impact that the tariffs will have on manufacturers nationwide."
Industry-Related Terms: Run
View Glossary of Metalforming Terms

 

See also: Fischer Technology, Inc.

Technologies: Management

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