County Board To Consider Bank Loan For Nursing Home Cash Flow

“We’re putting in the ordinance that the revenue from the nursing home property taxes in 2014 will be used to repay the loan, and that the loan should be repaid by Oct. 31, 2014, so that it’s for less than a year,” she said. “Under the new law the (county) general fund holds responsibility if the loan is not repaid. But the county board in this ordinance will say that the nursing home will use its 2014 property tax revenues to do this.” Last year, the county considered issuing revenue anticipation notes for the nursing home during a period when it was concerned about timely state payments. But the county couldn’t find any local banks interested in the process because the bonds were to be backed by the financially shaky state reimbursements. This time the board is being asked to take the action over concerns that federal Medicare and Medicaid payments will be held up, and over annual concerns about cash flow at the online end of the county’s fiscal year.

Credit Scores, Cash Flow and Collateral: Upping the Odds on Your Business’s First Bank Loan

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Bank of the West Relies on Axway to Govern the Flow of Data with Leading Cash Management Client Integration Solution

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