Worse, the yard faced crippling working-capital shortages, because it never bothered to restructure its debt.
The problem with working-capital initiatives is they can take a long time to pay off.
Shankar Raman, the chief financial officer, says this partly reflects planned investments in facilities and equipment, and working-capital outflows.
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As a specialist lender, the bank has no expertise in handling working-capital loans.
Proceeds will be used to meet working-capital requirements, to repurchase common stock, to refinance debt, or for general corporate purposes, filings show.
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Microlending--disbursing working capital in tiny doses to small businesses and sole proprietors--is now all the rage at the World Bank and other antipoverty agencies.
Microlending--disbursing working capital in tiny doses to small businesses and solo proprietors--is now all the rage at the World Bank and other antipoverty agencies.
Traditionally, commercial banks used short-term deposits to finance relatively short-term working capital.
Improvements in inventory levels, accounts receivable and working capital management--combined with an upturn in technology spending--bode well for Bell's future, according to Janjigian.
Second, new products can be innovated, such as providing long-term financing to cooperatives, addressing working capital needs, and developing on-lending schemes to finance group members.
Two years ago, he and several colleagues founded Chicago-based American Working Capital, which invests their own money and capital from a few wealthy families.
Tango originated in the working-class neighbourhoods of the Argentinean capital, which is a great place to learn some dance steps.
Poor working capital management causes many early-stage companies to fail.
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Alas this happy ploy is more or less confined to countries such as Sweden, where ministers resign for forgetting to pay television-licence fees, and members of parliament perch in tiny, state-owned bedsits while working in the capital: 72% of Danes and 66% of Swedes duly told a 2010 Eurobarometer poll they trusted national parliaments.
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The growing adoption rates of payment technologies by small-business owners might partially explain why credit demand for working capital from small firms remains stubbornly low, even as their balance sheets and credit-worthiness improve, according to Robb Hilson, head of Bank of America small-business segment.
Take the two judges working on the mammoth SAC Capital Advisors insider-trading cases.
One who shares that feeling is Mona Abdel Fattah Younes, an Egyptian e-learning specialist working in Doha, the capital city of Qatar.
The Index measures solar players according to their financial performance and operational efficiency, with an emphasis on revenue growth, working capital, EBIT percentage and debt-to-equity, among other measures.
Working capital is used to fund day-to-day operations at companies, so in addition to receivables, it could cover expenses such as payroll and the costs of procuring, storing and managing inventory.
Start-up Kabbage specializes in providing working capital (technically they are not loans) to these particular businesses, with new ways of underwriting based on online data to determine which ones are worth funding.
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He scours Asia for enterprises that sell into large and expanding markets and have high or rapidly rising returns on equity, strong free cash flow (meaning net income plus depreciation minus capital expenditures, adjusted for working capital) and a focused long-term strategy.
Most capital-income taxes are paid by working-age adults saving for retirement, who will continue to save despite taxes.
These finance companies earned millions of dollars through unusually high fees, high-interest loans and the float (the working capital they handled for their clients).
And with the bank working hard raise capital through the sale of any non-core or loss-making assets, it was only a matter of time before the insurance division was targeted.
Donner will use the financial support deal for working capital in connection with the operations of the Bracemac-McLeod Mine.
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His biggest problem now stems from an ill-conceived deal last fall to raise desperately needed working capital from some hedge funds.
MassChallenge is also working with the Russian Venture Company, a government-sponsored venture capital fund, to design similar competitions in St.
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"The new source of capital in town always gets a pretty good working-over, " says Morgan Rector, president of Comerica Entertainment Group, which arranges film financing.
Bank lobby groups will try to water down the consumer agency's powers and to persuade lawmakers that higher capital requirements will curb lending to hard-working Americans (and put the industry at a disadvantage to international rivals).
Every well-connected Catholic in the nation's capital has been working all their political contacts to snag an invite.
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