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1

Tech Fintech challenges Veda, Dun & Bradstreet

But CreditMe's primary customer is the small business rather than the bank, so it will get access to all their financials, which it claims will make for a more accurate assessment more akin to the big ratings agencies.Typically, an SME will go to their bank to ask for a loan, with a small number considering the numerous online alternatives that have cropped up in recent years.But CreditMe . It gives them a credit rating and then advises them on which lenders would be the best for them .
Financial Review
03/05
32 Points
1

Money Slater&Gordon lenders' nod for restructure

The legal company has struggled to convince its lenders to agree to amending the terms of its existing facility after reporting a half-year net loss of $958.3 million in February, following a writedown in its recently-acquired UK operations.Slater's lenders will restructure the debt as term loans, with the first tranche of $315 million due for maturity in May 2018.They have imposed new financial covenants, with increased frequency of reporting, and asked the company not to declare any dividends.
NewsComAu
02/05
19 Points
1

Money Arrium stock suspended as fund talks roll

Troubled steelmaker Arrium has sought a suspension of its shares on the ASX as it talks with its lenders about a recapitalisation plan.Arrium shares have been in a trading halt since Monday, after bankers rejected the South Australian firm's recapitalisation plan.The company says it expects to make a further announcement about its discussions with lenders within a week.
NewsComAu
06/04
22 Points
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