Finantra Capital
Plantation
About Finantra Capital
Finantra Capital, Inc. operates as a consumer finance company that offers mortgage lending and servicing, and consumer finance, billing and collection services through its Travelers Investment Corporation (TIC) subsidiary. In addition, the company operates another subsidiary, Finantra Internet Services.com, Inc., as a platform for the distribution of financial products and services, in particular, residential mortgages, through the Internet. In May 2001, BHC Interim Funding L.P. foreclosed upon and sold at public sale, pursuant to rights triggered upon the continuance of events of default under its $3.65 million loan agreement with Finantra and Finantra's affiliates, all of the issued and outstanding capital stock of TIC. The operations of TIC have accounted for a significant portion of the consolidated operating revenue of Finantra. As a consequence of the forgoing, Finantra is evaluating all of its alternatives, including a potential liquidation of its remaining assets. http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=397308
Company Facts
- Operating status: Closed
- Company type: For Profit
- IPO status: Delisted
- Ticker: nasdaq:FANT
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