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Americas

SMEs made up 90% of companies closed in 2003

Luis Antonio Mahbub Sarquis, president of the Chambers of Commerce Federation (Concanaco), said that 3,600 companies in Mexico were forced to stop operating in 2003 due to market problems, administrative difficulties and the lack of programmes to maintain jobs. Mahbub...

Mexico praised for lending to small businesses

Hector Barreto, administrator of the US Small Business Administration (SBA), praised Mexico's commitment to helping small enterprises on Tuesday. He…

#bank#guarantee#guarantees


Ex-Im Bank announces its first transaction in post-war Iraq

The Export-Import Bank of the United States (Ex-Im Bank) is pleased to announce that the first transaction has been approved…


Scotiabank unit launches US$16.7m SME fund

Scotiabank Jamaica has launched a J$1bn (US$16.7m) small- and medium-sized enterprise (SME) financing programme, focusing on export-related activities and job…

#bank#credit risk#risk


Accord exceeds first quarter factoring volume company record

Accord Financial Corp., a leading North American provider of asset-based financial services to businesses, including factoring, financing, credit investigation and…

#Accord Financial#Accord Financial Corp#financial services


Two new heads of business development for Ex-Im Bank

Two seasoned financial and banking services executives have been named to head business development at the Export-Import Bank of the…


Merger to be completed this year

Financial services conglomerate Grupo Security expects to complete the merger between its bank Banco Security and the Chilean subsidiary of…

#acquisition#bank#financial services


Factoring rebounds from 2002 lows

The stabilisation of the economy and decreasing interest rates in 2000 and 2001 led to growth in the factoring industry,…

#bank#banks#factoring industry


CIT Group results 2003 show strong factoring and leasing...

CIT Group Inc. today reported net income of US$189.3 million for the quarter ended March 31, 2004. The results for…

#CIT#commercial finance#i


Bancуldex issues US$191m in business loans in Q1

Colombia's state-owned export development bank Banco de Comercio Exterior de Colombia (Bancуldex) issued loans totalling 502bn pesos (US$191m) to the…


Michigan bank buys Manchester Commercial Finance

Manchester Commercial Finance, an Edina-based financial services provider that specialises in asset-based lending to small- and medium-sized companies (SMEs), has…


FactorHelp announces new managing director

FactorHelp announced that a 20-year veteran in the factoring and small asset-based lending (ABL) industries, Thomas G. Siska, has joined…

#commercial finance#funding#Vice president

Ex-Im Bank announces top lenders 2003

The Export-Import Bank of the United States (Ex-Im Bank) has announced its top lenders for fiscal year 2003, ranked by…

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