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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 been bought by Crestmark Bank. Terms of the transaction were not disclosed. The acquisition includes Manchester's regional sales office in...

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…


New head for Wachovia’s asset-based syndicate

Wachovia has announced that Barry Bobrow has joined the loan syndications group as managing director and head of the asset-based…


SME cash flow concerns increase as expected business growth...

According to the OPEN Small Business Network 2004 Semi-Annual Monitor from American Express, new hiring is driven largely by growth…

#American Express#cash-flow#management


Financial institutions need to offer more support to small...

The president of the Barbados Small Business Association, Senator Sandra Husbands is calling on financial institutions to offer more support…


National Bank of Canada lowers prime rate

The National Bank of Canada has lowered its prime rate from 4.00 % to 3.75 %, effective today. National Bank…

#bank#financial services#smes


Ex Reagan aide accused of $52,000 factoring fraud

A former top US Environmental Protection Agency (EPA) official was indicted yesterday on federal charges alleging she schemed to fraudulently…


US$26m credit line for SMEs

Colombia's state development agency Findeter has launched a new line of credit totalling 70bn pesos (US$26.3m) to boost the country's…


Montcap’s factoring services available to Scotiabank customers

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


Coface and Asexma renew export services alliance

The Chilean subsidiary of French credit insurance giant Coface and Chile's Association of Manufacturers and Service Exporters (Asexma) have announced…


BankBoston to target SMEs

BankBoston Brasil will increase its focus on small- and medium-sized enterprises (SMEs) this year by opening 25 new SME-targeted business…

Factor’s parent reports 2003 financial results

Raybor Management, Inc., a rapidly growing holding company, which includes factoring company Freedom Financial, announced financial results for the year…

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