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New appointments at Siemens Financial Services asset-based lending unit

Siemens Financial Services announced that Jeff Appleton and Jay Beckman have joined the asset-based lending division as vice president and senior business development officer, respectively. The move follows the recent expansion of the firm's asset-based lending offerings to include increased...

#bank#commercial finance#financial services

Central bank takes action to facilitate SME lending

Argentina's central bank has adopted a series of measures to facilitate small and- medium-sized enterprises (SMEs') access to retail bank…

#bank#corporate finance#Deloitte


US$21bn allotted for 2005 loans to small firms

Expecting another year of record lending, the US Small Business Administration was authorized to make US$21bn in loans in fiscal…


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…


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…

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