Corporate finance and personal finance aren’t as diverse as you would think. Some of the biggest corporations need guaranteed loans, or a line of credit or short term installment loan. Even Ford Motor Co got guaranteed payday loans a few years ago. Ford is getting out of debt in double quick time. Meanwhile, Freddie Mac and Fannie Mae need more guaranteed loans to stay afloat.
Lord Mr. Ford you got guaranteed loans
The government lent the Ford Motor Company $ 23.5 billion before they needed bailout money and to file bankruptcy. Ford only asked for emergency lines of credit if necessary, and didn’t need a bailout. It turned out not asking for emergency cash loans from the government at that moment panned out. As Chrysler and GM tried to figure things out, according to the Wall Street Journal, Ford saw a 22 percent jump in sales. Sometimes just knowing you are able to borrow can give a boost of confidence; some individuals like knowing they can get a online cash loans if they really need it.
More guarantees needed for mortgage giants
Meanwhile, Fannie Mae and Freddie Mac need more guaranteed loans from the government in order to stay solvent. According to ABC, Freddie has lost about $ 6 billion for the second quarter of this year alone. They are asking for another $ 1.8 billion. Both firms have until 2012 to get their houses in order. At that point, Treasury Secretary Geithner won’t write any more checks.
Fortune 500 corporations have credit scores too
Ford can be able to get better loans, as they pay off debt and improve the company’s credit history. Just like paying off a credit card improves your credit worthiness, it works for large businesses too.
Further reading
online.wsj.com/article/SB20001424052748703589404575417491742322262.html
abcnews.go.com/Business/wireStory?id=11356950
