Startex seeks funding to increase exports

Startex seeks funding to increase exports

Loans Corporate & Sovereign Strategy Guatemala Central America Asia US

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

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial