Liquidity Group Plans About $3 Billion in Emergency Loans to Startup Clients Hit by Silicon Valley Bank

Global asset manager and tech lender Liquidity Group plans to provide about $3 billion in emergency loans to start-up clients hit by the collapse of a Silicon Valley bank, Bloomberg reported. Its CEO and Lianchuang Ron Daniel said that Liquidity has about $1.2 billion in ready cash that can be used in the next few weeks and will discuss with financing partners including Japan’s Mitsubishi UFJ Financial Group and Apollo Global Management to provide additional funds. $2 billion in loans. Daniel said Dian’s loan would be a one-year loan of $1 million to $10 million, or as much as 30% of the balance held at Silicon Valley Bank. The immediate priority is to help businesses cover wage bills.

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