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Americas

Credit squeeze feeds through supply chain

A rising number of businesses are reporting more difficulty getting credit at terms and prices they can accept (more…)

#bank#exporters#guarantees

Checking the US’s vital signs

Mark Mandula of United Capital Funding provides his insights into the impact of the crisis upon US liquidity, SME risk and defaults,…

#bank#financial services#Mark Mandula


PFSweb completes renewal of US$40m in credit facilities

PFSweb, Inc. today announced the renewal of its EUR7.5m factoring agreement with Fortis, along with deals to secure USD32.5m in credit…

#bank#commercial finance#international


Budget to ease credit woes

Canadian Finance Minister Jim Flaherty has announced he may use his budget later this month to help ease tight credit markets and…

#bank#banks#Boost


BofA Business Capital provides $65m asset-based loan

Bank of America Business Capital announced it provided a $65m asset-based loan to Midland Paper Company (more…)

#bank#Bank of America#liquidity


HSBC Mexico assures SME credit will remain open in...

HSBC Mexico's General Director assured that credits for SMEs will be kept open in 2009 (more…)

#financial institution#financial institutions#smes


Government pledges support for SMEs

The Government of Argentina has announced a new bidding among banks for the placement of US$350m, destined for the financing of…

#banks#conference#interest rates


Alternative finance essential for SMEs wishing to survive in...

US business analysts are predicting that thousands of SMEs will go bust by the New Year if they are unable…

#alternative financing#American Express#risk


Alternative financing provides boost for SMEs

A new system for the access of SME finance has been devised jointly between the Mexican telecommunications enterprise Telmex and the…


Colorado entrepreneur charged with fraud in factoring scam

The principal of a Colorado-based shipping firm has been charged with two counts of felony theft for allegedly defrauding a local…

#funding#leasing#Two


CEF ups available credit to SMEs by EUR6.85bn

Brazilian federal savings bank Caixa Econ mica Federal (CEF) has upped its available credit to SMEs by BRL20bn (EUR6.85bn) for…


Banks see factoring business up 10 percent this year

Chilean factors have a positive outlook for next year after 2008's successes.   (more…)

Quarterly Asset-Based Lending Index Shows 17.1 Percent Increase

Report by the Commercial Finance Association reveals an increase in new credit commitments in the third quarter of 2008. (more…)

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