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Americas

Bush makes US$21bn available to SMEs

Press office of the US Small Business Administration (SBA) announced that president George W Bush had signed a legislation, thereby making more than US$21bn available to small businesses through the SBA’s two main (7(a) loan guarantee & 504 loan) programmes....

MIF approves US$5m loan for SMEs

The Multilateral Investment Fund (MIF) of the Inter-American Development Bank (IDB) has approved a US$5m loan for Chile to finance…

#3M#bank#exports


Coface broadens Canadian presence with new branch office

Coface opened its new office today in Canada, signalling its intention to become a major player in the Canadian market…


IFC provides US$10m credit line for SME financing

The International Finance Corporation (IFC) has issued a US$10m credit line to Brazilian bank Banco Triangulo (Tribanco) for small- and…

#bank#international#SME financing


ALIDE to increase financing to Latin American SMEs

The Latin American Association of Development Finance Institutions (ALIDE) is planning to join forces with other organisations in order to…

#bank#banks#Jobs


Non-bank banks including factoring firms boost financing 9.1% in...

During the first half of the year, financing offered by Limited Purpose Financial Companies (Sofoles), or non-bank banks, increased by…

#bank#banks#insolvency


Bancolombia sees SME lending up 45% in Jan-Oct.

Colombia's largest bank Bancolombia's saw lending to SMEs grow 45% to 1.5tn pesos (US$611m) through October this year compared to…


EDC extends US$50m credit line to facilitate Canadian exports...

Export Development Canada (EDC) and OJSC Vneshtorgbank (VTB) of Russia have signed an agreement to put in place a US$50m…

#exporters#exports#funding


US Bank Business Credit enters US$25m accounts receivables facility

US Bank Business Credit is the agent of a US$25m senior secured credit facility to ACN, a reseller of telecommunication…

#bank#cash management#management


Newtek signs letter of intent for 3 year loan...

Newtek Business Services, Inc. a provider of business services and financial products to the small- and medium-sized business market, today…


Capstone Business Credit US$7.8m in factoring deal with Florida...

Capstone Business Credit has announced the signing of a one-year project financing agreement with Complete Flooring Supply Corporation, based in…


Exim Bank offers big loan for irrigation projects

Exim Bank of the United States (Exim Bank) has offered Rs. 4,000-Rs. 5,000 crores as loan assistance to the State…

#bank#Exim Bank#financial institutions

Wells Fargo factoring division adds to Texas business development...

Wells Fargo Business Credit’s factoring division has named Amy Cartwright as business development officer. Cartwright will provide an accounts receivable…

#Business Development Manager#financial institution#management

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