After months of efforts to stay afloat, CITs filing for bankruptcy yesterday sent shockwaves through the small and midsize business community, particularly retailers and manufacturers. Thousands of retailers and manufacturers are seeing their single source of liquidity evaporate before their eyes.
Yesterday's filing underscores the fact that companies can no longer rely on one primary source of liquidity. It is imperative that they have broad access to competitively-priced capital.
Standing in the Wake of CIT Bankruptcy Filing
Posted by
mattknoe under Finance
From http://blog.receivablesxchange.com 5311 days ago
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