Tranch Offers Credit Lines to Silicon Valley Bank Customers to Support Operational Spend

Tranch is offering credit lines to help minimize the impact of recent events on operational spend. Businesses may not have access to the working capital required for short-term operational spend due to the recent collapse of Silicon Valley Bank. Businesses who sign up to Tranch can pay their suppliers with a flexible credit line up to $500,000. Companies can visit this link to apply for a credit line. Subject to approval, Tranch will pay invoices on behalf of businesses and enable them to spread out repayments up to 12 months on their terms.