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Bank Offers Tariff Help

Monday, August 20, 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 an August 16 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.”

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