BCR Latest News

Singer & Freidlander Factors Ltd’s Annual Accounts Released

Singer & Freidlander Factors Ltd today released their annual accounts for the year ended 31 December 2000. Turnover has fallen…


Distinctive Solutions Sells its 500th Factoring System

Distinctive Solutions Corporation, the specialist provider of software for the factoring industry, sold its 500th factoring/asset based lending software system…


GE Capital Commercial Finance Limited Joins Factors and Discounters Association

GE Capital Commercial Finance has become the latest member of the Factors and Discounters Association - the trade body representing…


Bayside Business Solutions Launches its FactorSoft Enterprise Oracle Edition

Today the Santa Monica (California) based custom software provider, Bayside Business Solutions, have launched their Enterprise Oracle Edition of FactorSoft.…


Heller Financial Discontinues SBA Loan Origination

Heller Financial, Inc., the worldwide commercial finance company, today announced that after an extensive review of strategic alternatives, it will…


First Coastal to Launch Factoring Service.

First Coastal Bank, based in El Segundo, California, has announced that it will begin to market a factoring and accounts…


A Fraud Caught in Time and the Lessons Learned

by Ken Walsleben Introduction: On Wednesday, October 4, 2000, I received a promising call from a broker introducing a New…


Closing Clients Electronically

by Pat Stiehm As we all know in the factoring business, we usually have a short window of opportunity to…


The Advantages and Limitations of Guarantees

by D. Brent Wells Introduction As long as extension of credit has driven commerce, creditors have been wary of accepting…


FS-Banken and SEB Announce Merger

Two of Sweden’s largest banks, SEB and FцreningsSparbanken, yesterday announced plans for a $15.9bn merger. It is hoped that the…


Factoraje Comercial America Reports Fourth Quarter and Full Year 2000…

Factoraje Comercial America S.A. de C.V., the factoring subsidiary of one of Mexico’s leading insurance companies (Seguros Comercial America), today…


Mr. V. Ravindranath of Muscat Finance presents the latest analysis…

Market Performance and Supply Considering the size of the middle east region and the economies which exist within it, it…


Small and Medium Sized Enterprises Fail to Harness Full e-commerce…

SMEs across Europe are failing to maximise the opportunities afforded by e-commerce. According to the ninth European Business Survey (EBS)…


LDP to Aid Small Companies

Japan's ruling Liberal Democratic party is preparing measures to help small and medium-sized businesses weather the increasingly difficult economic environment,…


CIT And 7thOnline in Alliance to Provide Financial Services to…

CIT, a leading global source for financing and leasing capital managing more than $50 billion in assets, and 7thOnline, a…


City Invoice Finance joins Euro Sales in link-up with Co-operative…

The Co-operative bank today has become the first bank to offer small business customers a choice of factoring and invoice…


BB& T to Provide Secure Web Site for Clients

van Schouwen Associates, a full service marketing and interactive agency in Greensboro, North Carolina, has been awarded the contract to…


Germany’s DG Bank and GZ Bank to Merge

DG Bank, which owns the factoring company DG Diskonbank, is to merge with GZ Bank, it was agreed on Tuesday.…


Factors & Discounters Association Figures Show 18% Increase in Volumes.

The FDA released its statistics for the last quarter of 2000 and the year ending December 2000. The figures show…


GLE Invoice Finance Plans to Float on AIM

The Kent based factoring company, GLE Invoice Finance, is planning to float on the alternative investment market later in the…


First Digital Signature Contract for Asset Based Lending Introduced by…

1st PM Factors Bancorp (also known as Pmfactors.com) has announced the first fully digital set of contracts signed using a…


Bank of England Vote to Reduce Interest Rates

The Bank of England's Monetary Policy Committee today voted to reduce the Bank's repo rate by 0.25% to 5.75%. The…


CIT, Sinopac and C-ME to be Joined in Financing Pact

The US financing company, CIT, today announced the establishment with Taiwan’s Bank Sinopac and C-ME (Cyber Merchants Exchange) of a…


Asta Funding Reports 45% Increase in Net Income in First…

The financial services company, Asta Funding Inc., which specialises in factoring as well as the purchase, liquidation and management of…


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