Businessland Inc reports that it has now reached agreement with ITT Commercial Finance for waivers of non-compliance of financial covenants contained in its inventory financing agreement, which means that the company will continue to get financing for buying of kit from Apple Computer Inc and Compaq Computer Corp and enable it to remain in business – at least until the waiver runs out on June 30; and IBM Credit Corp reached a similar agreement on credit for IBM PS/2s.
