Tenet’s $20M warehouse line with SVB in jeopardy

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The future of EV financing startup Tenet’s $20 million warehouse line with Silicon Valley Bank is at risk following the Santa Clara, Calif.-based bank’s unexpected failure.   Tenet uses the $20 million warehouse line to finance originations for EVs which it then sells to other auto lenders after 30 days in a forward flow arrangement, founder […]





Source : AutoFinanceNews