| Vertical Communications Secures $10 Million Line of Credit with ...
CAMBRIDGE, Mass.--(BUSINESS WIRE)--Vertical Communications (VRCC.OB) ("Vertical"), a leading provider of next-generation, IP-based phone systems and applications that help businesses better serve their customers, announced today it has secured a $10 million line of credit from SVB Silicon Valley Bank. The financing will be used for working capital and to support Vertical's growth strategies. SVB Silicon Valley Bank is the commercial banking arm of SVB Financial Group (NASDAQ: SIVB). "As we continue to transform Vertical and execute our growth strategy, it is important to establish a banking and lending relationship with a partner familiar with our industry and our business plan," said Bill Tauscher, chairman and chief executive officer. "The new line of credit facility with SVB Silicon Valley Bank allows us to pay off a higher cost short-term obligation and provides us with improved flexibility to manage our working capital requirements into the future." "SVB is proud of Vertical's success thus far," said Irina Case, senior relationship manager, SVB Silicon Valley Bank.
TFN NEWS BRIEFING: Mergers and acquisitions highlights to 15:50 BST
NEW YORK (AP) - Aluminum maker Alcoa Inc. on Wednesday asked regulators to approve its hostile takeover of Canadian rival Alcan Inc. for $27.4 billion. 2007-06-06 15:30:20 UK's OFT clears anticipated Associated British Foods buy of Nutrition Trading LONDON (Thomson Financial) - Associated British Foods has been given clearance from the UK Office of Fair Trading for its anticipated acquisition of Nutrition Trading, the OFT said. 2007-06-06 15:18:04 EU inquiry deadline for PAI Partners buy of Kaufman et Broad set for July 10 BRUSSELS (Thomson Financial) - The European Commission said the deadline for its inquiry into French private equity group PAI Partners' proposed acquisition of a majority stake in Paris-listed housebuilder Kaufman et Broad SA is set for July 10.
Savvy Real Estate Investors Now Use Unsecured Business Lines of ...
According to real estate financing expert Thomas Kish, "The collapse of the subprime real estate mortgage industry doesn't have to be the end to real estate investing." With an optimistic eye he said "The great deals are out there even if the money to buy them and fix them up has gotten harder to access."
Tom Kish has a built a successful investment career through his own company CashFlowExperts.Biz Inc. using his trademarked system called the Ultimate Real Estate Investors Guide. As a business man and investor he's had the opportunity to keep a critical eye on the top mortgage companies, and other financial institutions who have recently failed due to their poor credit mortgage refinancing strategies. "Hundreds of individuals are being locked out of securing the financing and funding for their real estate deals and smart investors need to learn how to begin leveraging unsecured business lines of credit." says Tom.
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