TPACmuse · @TPACmuse
15th Jun 2016 from TwitLonger
China Program vs EX-IM Standard LOI
Special Note to TPAC shareholders:
The China loan program process is not the same as the standard EX-IM bank loan process; it requires the borrower to be an OEM.
TPACs SLA with BTL meets the criteria of the China program allowing them to move through the loan process. If approved, the loan amount is sufficient to meet the minimum requirement size of the project per year for up to 6 years.
For more information contact the IR through email, ir@tpacbearings.com