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Select Quick Loans Express for your payday loan alternatives. Achieve your goals in life easily, quickly and safely with our credit service offerings, view detailed progeny statistics for The Loan Express, including winnings, runs and total revenue. U.S. in rescue loan to automobile manufacturer | World | News

US Treasury said it would make available a $1.5 billion (£1 billion) loan to Chrysler LLC's finance department to be used for new auto lending in the hope of increasing revenue and eventually getting the automaker back into profit.} First $100 million from the loan is likely to be available next Wednesday.

Conditions demand that Chrysler pays interest at 1 percent above the London Interbank Offered Rates for the first year and at 1.5 points above Libor for the rest of the five-year period. For today Libor, this corresponds to an early growth of about 1.36%.

An SPV established by Chrysler Financial will also grant options to Treasury in the amount of 5% of the loan's aggregate volume in the shape of supplementary bonds.

Financial department Toyota in credit calls | World | News

Toyota's finance arm is in discussions with a Jap state-backed banking institution about a possible loan and underlines the serious plight of the automotive sector in the face of a slump in worldwide sales.} gigya.socialize.showShareBarUI(showShareBarUI_params); Toyota said no detail had been made. Television coverage indicated that Toyota Financial Services had requested a 200 billion yen (1.45 billion pounds) loan from the state.

70% of the lender's operations are in the US, where there has been a slump in unit selling and a streamlining of lending. Before the US subprime mortgage meltdown started last year, Toyota had grown well. However, it now expects a deficit of 350 billion Japanese yen (£2.5 billion) for the year to March as overall growth in US dollar exchange rates and rising US dollar profits will drive down overall growth.

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