Rising demand for short-term credit as Covid drives down cash flow

PayCargo Capital has reported rising demand for short-term credit as the Covid-19 pandemic spread.
Its facility allows carriers, forwarders and shippers in North America to apply for credit of between $25,000 and $2.5m for 15-30 days as a short-term cash flow solution.
“The relevancy of PayCargo Capital has grown since the start of the Covid-19 pandemic, as managing cash flow and paying for daily transport and related invoices can prove difficult,” said …

The post Rising demand for short-term credit as Covid drives down cash flow appeared first on The Loadstar.

Source: The Loadstar

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