Business & Finance
Goldman Margin Loan Eased Nashville College’s Liquidity Crunch
Key Points
Goldman Margin Loan Eased Nashville College’s Liquidity Crunch Belmont University tapped Goldman Sachs Group Inc. for a margin loan this summer to raise cash, in a sign that even larger universities are facing budget strains. The Nashville-based institution, which has almost 9,000 undergrad and grad students, entered into a “margin loan agreement” in May against its unrestricted investment advisory accounts at Goldman, according to bond documents released in August.
Goldman Margin Loan Eased Nashville College’s Liquidity Crunch
Belmont University tapped Goldman Sachs Group Inc. for a margin loan this summer to raise cash, in a sign that even larger universities are facing budget strains.
The Nashville-based institution, which has almost 9,000 undergrad and grad students, entered into a “margin loan agreement” in May against its unrestricted investment advisory accounts at Goldman, according to bond documents released in August.