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Local Arlington bank and factor names two new directors

Southwest Securities Bank, a member of SWS Group, Inc., has named two new directors: Gerald B. Alley and Donald W. Hultgren. The bank offers a broad range of banking services including factoring of commercial accounts receivable, commercial and consumer lending...

#bank#banking services#i

Small-business loans in Arizona hit record

An improved outlook on business, historically low interest rates and increased marketing helped push federally backed small-business loans to another…


Grupo Security to raise US$55m in capital

Chilean financial group Grupo Security plans to make a capital increase of more than US$55m during the first half of…


Tarrant Apparel Group finalises US$45m factoring facility

"Closing our new factoring agreement marks an important step for Tarrant," said Barry Aved, president and CEO of Tarrant Apparel…


Bladex to focus on export finance

Panama-based trade finance bank Banco Latinoamericano de Exportaciones (Bladex) (NYSE: BLX) will continue to reduce its credit exposure this year…

#bank#exports#international


Experian launches enhanced Commercial Intelliscore and Small Business Intelliscore...

Predictive models evaluate business-to-business credit risk with greater speed, accuracy, and consistency. Experian®, a global information solutions company, today announced…

#credit risk#management#risk


Nafin back in black with US$10m profit in first...

Mexico's largest development bank Nacional Financiero (Nafin) reported first half net income of 113m pesos (US$9.9m), compared to losses of…

#bank#banks#business finance


Commercial Financing and Management Firm teams up with US...

Ardaini & Associates has agreed to join the US Global Marketing Advisory Board, providing management consulting and commercial financing services.…

#bank#international#management


MicroFinancial secures US$30m line of credit from CIT

MicroFinancial Incorporated (NYSE:MFI) announced today that it has arranged for a three year, US$30mn senior secured revolving line of credit…

#bank#CIT#CIT Commercial Services


Jewellery executives plead guilty to factored fraud charges

Three jewellery industry executives pleaded guilty yesterday to charges that they were part of a $20 million rip-off of a…


Nafin back in black

Mexico's largest development bank Nacional Financiero (Nafin) reported first half net income of 113m pesos (US$9.9m), compared to losses of…


SBA launches online SME database

The Barbados Small Business Association (SBA) is launching an online business information system (BIS) to keep track of the sector's…

Factoring fraudster faces 35 years in jail

The former head of the federal Superfund environmental cleanup program was found guilty on Monday of concocting a scheme to…

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