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Siemens Financial Services, Inc. announces new CEO and top...

Siemens Financial Services, Inc. (SFS), the US commercial finance and leasing arm of Siemens AG, today announced the appointment of Roland Chalons-Browne as president and chief executive officer. Chalons-Browne succeeds William Zadrozny who is retiring after 10 years with the...

#bank#commercial finance#international

CIT provides US$125m factoring and revolving credit line as...

CIT will provide a committed factoring line of up to (more…)

#bankruptcy#CIT#working capital


Texas factor signs up Gulf Coast manufacturer

Accounts Receivable Funding Corporation has entered into a factoring agreement with  (more…)

#funding#liquidity


Trade-credit insurance expected to soar

Trade-credit insurance has been used in the US since the last of the tall-masted ships were hauling cargo between Europe…

#Atradius#international#management


Business Alliance Capital provides US$4m accounts receivable and inventory...

Business Alliance Capital Company, an asset-based lender and factor headquartered in (more…)


Maryland asset-based financier to take on REIT status

Commercial finance company and CFA member CapitalSource Inc. will elect REIT status with the aim of (more…)

#cash-flow#commercial finance#corporate finance


Royal Bank provides asset-based finance for mines’ working capital

Pine Valley Mining Corporation has announced that it has completed a revolving working capital credit facility with Royal Bank Asset…

#asset based finance#bank#debt financing


Wells Fargo Business Credit provides working capital financing for...

With acquisition and working capital financing provided by Wells Fargo Business Credit (more…)


CIT Group names President, CIT Canada

The new President, CIT Canada will be responsible for directing the continued expansion of CIT's financial offerings across (more…)


Fed raises interest rates

The Federal Reserve's decision to keep raising interest rates in the face of a devastating hurricane means (more…)

#bank#banks#Clear


Chase Business Credit adds three to ABL origination team

Chase Business Credit recently announced three additions to its asset-based loan origination team (more…)

#bank#Bank of America#financial services


Bancуldex is on a track to reach SME lending...

Colombia's state-owned export development bank Bancóldex is on track to reach its goal of pesos (more…)

#bank#small businesses#SME financing

$25 Million Commitment from United Capital Funding Corp. for...

United Capital Funding Corp., a St. Petersburg, Florida Commercial Accounts Receivable funding firm announced today that it has pledged a…

#bank#conference#management

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