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Americas

GE Capital US$2bn loan for GM facility

GE Capital, a unit of General Electric Co., has withdrawn a US$2bn loan facility for General Motors Corp. and its suppliers days after credit rating agencies warned that the carmaker could be downgraded to junk bond status. GM, which lowered...

Member of Parliament launches small business project

Member of Parliament for North West St James Dr Horace Chang launched a small business development project in his constituency.…

#i#small business#WHO


GMAC Commercial Finance and I/OMagic close credit facility

I/OMagic Corporation, a provider of data storage and digital entertainment products, announced that it has obtained a US$10 million credit…

#bank#commercial finance#digital


Credit insurer aims for sales of US$4.8m in 2005

Colombian credit insurer Segurexpo expects to close 2005 with sales of pesos 11.4bn (US$4.8m) commercial manager Josй David Lamk said.…


Lakeland Bank establishes asset-based lending department

Roger Bosma, president and chief executive officer of Lakeland Bank is pleased to announce that the bank has established within…

#bank#commercial finance#management


Transunion credit bureau in start-up phase

US-based credit bureau Transunion's operations in Nicaragua are in the start up phase with final regulatory approval expected shortly, Transunion…

#banks


Wachovia realigns Asset Based Lending Business and names new...

Wachovia announced the formal joining together of Congress Financial Corporation and Wachovia's asset based lending business to form Wachovia Capital…

#Bill#i#leadership


Commercial banks increase share of small business lending –...

Lending by the most important institutional supplier of credit to small firms, commercial banks, increased in 2002-2003, according to a…

#bank#banks#small business


EquiFin sells factoring company

EquiFin, Inc. yesterday announced that it has sold its factoring company, Equinox Factors, to Coast Capital Partners. The transaction will…

#interest#management#Two


HSBC enters small business financing agreement

Mexico's fourth largest bank HSBC Mexico has signed a small business financing agreement with the economy ministry and development fund…


CIT names group-wide EVP, Chief Sales Officer

CIT announced the appointment of Walter J. Owens as executive vice president, chief sales and marketing officer. In this newly…

#assignment#CIT#commercial finance


Florida asset-based financier approves US$10m cash flow funding for...

XRG Inc., a provider of a wide range of truckload freight services in the US, has announced that it had…

#bank#cash-flow#funding

Asset-based lending group at KeyBank announces a new Vice...

Jan Allen Ackley of Mason has been named vice president in the asset-based lending group at KeyBank in Cincinnati. Ackley…

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