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Tag archive for ‘Loan agreement modification’

Second amendment to loan with SVB lets Socket Mobile avoid default(0)

socket-mobile-logo_mainSocket Mobile, which reported June 30 to its lender, Silicon Valley Bank, that it was out of compliance for a second month in a row with covenants of its loan, announced today the second amendment to the agreement since it was first drawn up Dec. 31.

The most recent changes included an agreement by the bank to Read the rest of this entry »

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