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Midway completes US$40m factoring agreement with National Amusements Inc.

Midway Games Inc. today announced that it has entered into a factoring agreement with National Amusements, Inc. (more…)

Businesses turn to factoring as bank credit markets tighten

Tightening bank credit markets may increase the popularity of an alternative financing option for area businesses needing capital. (more…)

#alternative financing#bank#commercial finance


Bibby Financial Services appoints VP Sales and Marketing

Bibby Financial Services (BFS) has announced the appointment of it's new vice president of Sales and Marketing for the Atlanta region.…

#financial services#Vice president


Humphreys rates Factorline bonds

Chilean ratings agency Humphreys has assigned an A- rating to local factoring firm Factorline's CLP31.5bn (US$59.3m) worth of 10-year bonds…


Factorline seeks US$15m in new IFC funds

On October 17 the board of the International Finance Corporation (IFC) will decide on a possible five-year, US$15m credit line…


UPS Capital offers small businesses new global trade finance...

UPS Capital, the financial services arm of UPS, is offering an easier and more efficient way for small companies to…

#financial services#international#International Trade


Fundtech introduces Global CASHplus

Fundtech Ltd. has announced the introduction of Global CASHplus (GCP), a new generation transaction banking platform that combines comprehensive global…


Health care providers find factoring companies fill financing void

The credit crunch created by the mortgage crisis has a lot of health care providers turning to factoring companies for financing…

#bank#banks#funding


Low growth prospects for Canadian factors

For the third consecutive year, the Canadian factoring industry in 2007 recorded a reduction in volume. The non-recourse factors volume…


Bibby Financial Services offers SME owners fast track to...

Bibby Financial Services has announced the introduction of Fast Track Funding, the latest addition to their financial services portfolio for…

#cash-flow#financial services#receivables


Business bankruptcies surge 42% in 2008

The number of businesses filing for Chapter 11 restructuring, and Chapter 7 liquidation, surged in 2008. (more…)


Former real estate agent sentenced for factoring fraud

Real estate agent Raymond Joseph Laprise was sentenced Monday, having been convicted in February for defrauding factoring companies in order to secure…

Asset-based loans thrive as cheaper funding vanishes

The economy has slowed, credit quality is suffering, and lenders must pick and choose customers carefully. The perfect time for…

#bank#CIT#commercial finance

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