Brazilian Startups Seek to Raise Credit Line After SVB Collapse

Business

Brazilian Startups Seek to Raise Credit Line After SVB Collapse

Companies evaluate loan plans to honor salary payments and maintain operations while awaiting the release of funds from the FDIC

Bloomberg Linea

12.Mar.2023 17:49 BRT

Some Brazilian startups that have funds trapped in SVB (Silicon Valley Bank) (SIVB), bank that since Friday is under FDIC (Federal Deposit Insurance Corporation) receivership, begin to make action plans to meet salary payments and maintain operations, which include loans as alternatives.

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