MondayMay 05, 2008 6:39 am
CHDT Corp. (OTCBB: CHDO) announced this morning that its wholly owned subsidiary, Capstone Industries, has secured a conventional $2,000,000 asset-based line of credit from Sterling National Bank. The company has been negotiating with several different lenders over the past six months. CHDT choose Sterling Bank because of its funding structure. One of the advantages of this loan is that CHDT can increase its credit as accounts receivables and inventories grow. "We are pleased to have the opportunity to embark on a business relationship with a bank that is focused on asset based lending and is experienced with our retailers and…
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