San Diego’s Overland Storage Arranges Accounts Receivables Financing

San Diego’s Overland Storage (NASDAQ: OVRLsays it has closed a two-year deal with Marquette Commercial Finance that will help Overland’s liquidity by enabling it to finance as much as $9 million of its accounts receivables. The deal allows Overland to get cash more quickly from sales of its data storage hardware and software products, instead of waiting for payments from its mostly commercial customers.

Bruce V. Bigelow was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here. Follow @bvbigelow

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