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Americas

Textron to exit asset-based lending business

Textron President and chief executive, Lewis B. Campbell has announced that the the company will downsize Textron Financial and noted it would exit its asset-based lending (more…)

#interest#interest rate#interest rates

Help for SMEs in a tightening credit market

SMEs in the U.S. that have fallen victim to tightened credit conditions by commercial banks are turning to less traditional…


NCFE s top executive faces Federal jury on factoring...

Six years after the company collapsed a federal jury has finally began to hear evidence against the top executive of National…


Government announces credit for factoring and SME finance

Chile has announced fresh measures to inject liquidity into its banking system and guarantee SMEs and exporters have access to credit…

#bank#conference#exporters


Factor reports a record Q3 2008

Despite the financial crisis affecting the US, factoring company Woodbridge Investments has reported a record Q3 (more…)

#crisis#investments#Vice president


First Global finishes first transaction with IDB trade finance...

Jamaican commercial bank First Global Bank has closed its first transaction through IDB's trade finance facilitation program (more…)


Businesses turn to non-traditional lenders for capital

While the national financial crisis has ground the flow of credit from commercial and investment banks to a halt, less…


BNDES ups export financing program by US$2.28bn

Brazilian national development bank BNDES has increased its export financing program by BRL5bn (US$2.28bn) (more…)


First Global to increase share of SME market through...

First Global Bank (FGB) has received a loan of up to US$6 million from the Inter-American Investment Corporation (IIC), which…


SMEs outperform Canadian economy

A report by one of Canada s leading banks has revealed that SMEs have outperformed the Canadian economy over the last 12…


Ex-Im Bank reduces premiums on small business insurance policies

US small businesses now receive a 15% premium rate reduction on two types of Export-Import Bank of the United States…


Coface purchase receivables management firm

The Argentine unit of French insurer Coface have announced the accquisition of a local receivables management firm (more…)

UC Factors hires BDO in Phoenix

Southern California-based UC Factors (UCF) a non-recourse factor, has hired a new Business Development Manager to keep pace with its…

#Business Development Manager#order financing#purchase order

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