Editor's comment: Chartis an unlikely saviour
With businesses warned only last week against complacency following another high-profile failure in the UK — this time social housing giant Connaught — news of being able to secure up to £10m in short-term loans from trade credit insurer Chartis will doubtless come as welcome news.
The insurer is claiming a first in the credit insurance market and seems busy donning the robes of a benevolent white knight, by highlighting the failure of banks to help struggling firms in their
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