Exim Bank Approves $360 Million Supply Chain Financing for Navistar
The Export-Import Bank of the U.S. approved $360 million in supply chain financing to benefit suppliers of Navistar International Corp., a maker of medium and heavy trucks headquartered in Lisle, Ill. Ex-Im said its supply chain finance guarantee product is…
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designed to provide suppliers, particularly small businesses, with access to capital faster by allowing them to receive early payment, typically within days. Navistar’s guaranteed lenders are The Bank of Nova Scotia, located in Toronto, Canada, and the Royal Bank of Scotland, located in Stamford, Connecticut.