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Unformatted text preview: Sources of Financing Cotton Express management team has done extensive research on the many sources of financing available to the company both domestically and internationally. The management team has carefully analyze what each bank has to offer as far as access to funds, currency, line of credits, letter of credits, and term loans. The company has taken in consideration years of experience of each bank, locations around the world as well has name recognition and financial stability. Some of the financial sources considered by Cotton Express domestically were HSBC World Local Bank, Bank of America/Merrill Lynch, Citibank, Chase Manhattan Bank, and the HTH Worldwide Bank; these banks offer the same benefits, with very little differences between them. Some of the domestic banks were considered as international financial sources as well, given they have branches in Taiwan and Taipei, for example, Chase Manhattan Bank, Citibank, American Express International Bank, and HSBC are among the international options Cotton Express considered...
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This note was uploaded on 05/14/2011 for the course BUS 475 taught by Professor Lessor during the Spring '09 term at University of Phoenix.
- Spring '09