This page will be devoted to news and developments that may be of interest to our visitors. It is our goal to help you know as much about our business as we do. In that way you make better decisions about how to use our service. We look forward to changing the content of this page on a regular basis, as well as to your feedback.
Feedback Is Always Welcome.
Norden Capital is still seeing a substantial amount of business, but the current lending climate is making it more difficult, although by no means impossible, to complete transactions for its customers. Remember - Qualified Lessees, who understand the lending environment, and are willing to provide complete credit information, are still getting their requests approved. Many banks, as well as other lenders, react to loan problems in one industry by restricting credit availability to all of their customers, not just in the industries where they are experiencing most of their loan problems. We only need to look at Japan, where the Bank of Japan has lowered interest rates to zero. Commercial banks in Japan are not writing new loans.