Startex seeks funding to increase exports

Startex seeks funding to increase exports

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Guatemalan clothing manufacturer Startex is looking for other sources of financing to boost production after Banco Industrial denied a $750,000 loan to buy machinery, LatinFinance has heard. "They declined the loan, even though it was guaranteed by the South Korean government," said a source close to the company. "Startex had to use its own money buy the machines, which cost $50,000 each." The South Korean government had offered to back loans used to import apparel manufacturing equipment, but I

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