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Rates are bound to fall as invoices get executive title. On 19 October, Congress approved a law that grants invoices executive title, a long- standing factoring industry hope. This status enables the endorsement of invoices and greatly reduces their risk...
The Chilean unit of Spanish financial group BBVA (NYSE: BBV) expects to boost lending to SMEs by 25% this year…
#bank#BBVA#Boost
American International Group, Inc. (AIG) today announced the formation and launch of AIG Commercial Equipment Finance, Inc. (AIG CEF), a…
#AIG#financial services#international
Chilean financial group Grupo Security will make a capital increase of between US$50m-60m on 11 November this year, local press…
#insurance#security
According to a statement from the banking regulator SBS, the Peruvian congress has approved a law that allows non-bank entities…
Colombia's export development bank Bancoldex will approve a new line of credit worth 1.5 trillion pesos (US$587m) for small- and…
#bank#banks#smes
Re-establishing credit for small- and medium-sized enterprises (SMEs) will be one of the main objectives of Argentina's central bank president…
#bank#Jobs#smes
The official unveiling of Mexico's newest bank, Banco Ve por Mas, on 11 October was welcome news indeed for a…
CIT Small Business was awarded Top Volume Lender status by the U.S. Small Business Administration (SBA) among lenders of SBA…
#CIT#economy#leadership
First M&F Corp. has reported that net income for the quarter ended September 30, 2004 was US$2.781 million, or US$.62…
A new trade finance initiative has been created to provide California-based small- and medium-sized companies (SMEs), their buyers, suppliers, and…
#bank#exporters#guarantees
Systems Evolution Inc.(SEVI), an information technology services company, announced today that it has closed a $1.5 million factoring facility with…
Capital Factors will receive a US$10.8m settlement from one defendant in a lawsuit in which it claims that customers defrauded…
#international#leasing#receivables