NORTHBROOK, Ill., Sept. 15, 2020 /PRNewswire/ — Hilco Merchant Resources announced today the appointment of Charles M. Jayson (Chuck) to Executive Vice President, Retail Business Development of Hilco Merchant Resources.  Mr. Jayson will focus on working with leaders in the consumer sector, developing and structuring transactions with retailers and consumer product companies to maximize return on excess assets. He also will provide advisory services spanning product development, merchandising, supply chain, global distribution, and licensing programs to Hilco Global clients. 

For over 30 years, Mr. Jayson has led global iconic brands, and has held executive positions with iconic national retailers.  He possesses deep brand management expertise in luxury, contemporary and mass segments of retail and wholesale businesses both U.S. and European based.  He has manufactured, distributed, and licensed products on an international basis.

“Chuck is a well-known, financially driven, merchant leader with a storied career in working with a wide

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Owner of a flower growing business

credit rating and collateral requirements for MCAs are much looser than other types of business loans, they are also much more expensive. A business that gets an MCA is selling its future credit card receivables. The company providing the financing will get repaid by taking a fixed percentage of the business’s daily credit card sales. Here’s what you need to know to determine if your business needs this kind of loan.” data-reactid=”25″A merchant cash advance (MCA) is an alternative form of financing for companies that need cash fast but lack credit and, thus, access to conventional business loans. Although credit rating and collateral requirements for MCAs are much looser than other types of business loans, they are also much more expensive. A business that gets an MCA is selling its future credit card receivables. The company providing the financing will get

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LONDON, Aug. 27, 2020 /PRNewswire/ — Nigeria’s Coronation Merchant Bank has become the first and only merchant bank in Nigeria to receive an international rating by global rating agency Fitch.

In its recently released Rating Report, Fitch assigned the Bank a Long Term Issuer Default Rating (IDR) of ‘B-‘ with a Negative Outlook, a Viability Rating (VR) of ‘b-‘ and a Long-Term Rating of ‘BBB(nga)’. The Bank’s Long- and Short-Term IDRs are driven by its standalone credit profile as determined by its VR.

Coronation Merchant Bank’s Long- and Short-Term Rating are evidence of the bank’s creditworthiness relative to other issuers in Nigeria. Its VR reflects the challenging and volatile operating environment in the country, which Fitch assigned a national rating of ‘B’; Outlook Negative. This is also true of the Negative Outlook on the bank’s Long-Term IDR.

In a statement, Fitch said that the bank’s management team demonstrated

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