Estimated reading time: 0 minutes, 25 seconds
SWK PARENT GETS CREDIT LINE
After cleaning up a balance sheet that was cluttered with debentures and an inflated stock base, SilverSun Technologies, formerly known as Trey Resources, has nailed down a $750,000 revolving credit line. The company, parent to Sage reseller SWK Technologies, picked up the credit line from a commercial lender late last month. Funds will be utilized for working capital and debt repayment. SilverSun will pay an interest rate of prime plus 2.75 percent annually. The SEC filing on this noted that CEO Mark Meller personal guaranteed payment.
Most Read
-
-
May 22 2017
-
Written by mark
The last year has been one of change—the cloud has…
-
-
-
May 19 2021
-
Written by BobWScott
Just what kind of year has it been for the…
-
-
-
May 22 2017
-
Written by BobWScott
The last year has been one of change—the cloud has…
-
-
-
May 25 2016
-
Written by mark
Annual Report: 2016 BSI Top 100 VARs The web has…
-