TITLE

Borrowers Seek Alternatives After CIT

AUTHOR(S)
Landy, Heather
PUB. DATE
December 2009
SOURCE
American Banker;12/23/2009, Vol. 174 Issue 227, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the impact on small-business borrowers of CIT Group Inc.'s bankruptcy. BB&T Corp. is among banks that firms have sought out as an alternative means of financing. Karl Alomar of China Export Finance notes that some small businesses have turned to their suppliers to assume a degree of debt risk.
ACCESSION #
47185328

 

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