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Cornelius Vanderbilt sees record number of pre-approved loans in excess of $2.6B.

Friday 17 December, 2021


Cornelius
Vanderbilt today announced that it had pre-approved loans of more
than $2.6B globally in 2021. This is to help ease the short-term
liquidity woes of businesses impacted by the COVID-19 pandemic,
Cornelius Vanderbilt announced.



The
securities loan is intended to help listed corporations, with most of
them facing obstacles such as the current banking systems stringent
risk appetites or delay in funding due to certain lending parameters
were not met, especially those from hard-hit sectors such as
development, real estate, banks, retails outlets and other services.



While
there is no way to tell exactly what the economic damage from the
global COVID19 coronavirus pandemic will be, there is widespread
agreement among economists that it will have severe negative impacts
on the global economy. Early estimates predicated that, should the
virus become a global pandemic, most major economies will lose at
least 2.9% of their gross domestic product (GDP) over 2021. This
forecast was already restated to a GDP loss of 3.4%. To put this
number in perspective, global GDP was estimated at around 84.54
trillion US Dollars in 2020 – meaning that a 4.5% drop in economic
growth results in almost 2.96 trillion US Dollars of lost economic
output. (research from Statista.com)



If the
economic recovery from COVID-19 is muted, some of the industries will
take years to get back to their pre-pandemic normal. However, most of
business recovery may take even longer due to consumer's spending has
fallen.



The
pre-approved loan were offered to our clients who were eligible in
obtained securities lending. Cornelius Vanderbilt Capital Management
has distinguished itself in the securities lending industry as a
market leader with the liquidity and the administrative processes to
provide capital and liquidity with the quickest possible turnaround.
We offer the most discreet and confidential services to individuals,
corporations, foundations, and institutions that have immediate cash
needs.



Our
program features:




Email:
receptionist@vanderbilt.ltd
for more information.



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