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Americas

SMEs exceed targets set for new exporters

So far this year, 1,150 small- and medium-sized enterprises (SMEs) have joined the export market, reported the undersecretary for the SME sector, Sergio Garcнa de Alba. This amount is already well above the 750 companies established as a target for...

#economy#exporters#smes

Wells Fargo reports record third quarter net income

Wells Fargo & Company reported that third quarter net income was a record US$1.6 billion in 2003, up 8 per…

#bank#financial services#trade


Sterling Bancorp announces record results for third quarter of...

Sterling Bancorp (Sterling), a financial holding company and the parent company of Sterling National Bank, has reported record results for…

#bank#interest rate#leasing


Change in invoice law to boost factoring operations

The Chamber of Deputies has approved a bill granting invoices executive status, which forces payment without the need for long…

#guarantees#invoice#receivables


National Bank of Canada remains firmly committed to SMEs

“The National Bank of Canada (NBC) has become the leading bank for small- and medium-sized businesses (SMEs) in Quebec because…


US Ex-Im Bank committed to expand Trade Finance for...

Export-Import Bank of the United States (Ex-Im Bank) president and chairman Philip Merrill provided a positive assessment of Eastern Europe's…

#bank#exports#guarantees


Factoring sector reports US$9m profits for Q2, up over...

Mexico's 16 factoring companies reported consolidated net income of 101 million pesos (US$9.03m) during the second quarter 2003, up 28.7%…


Small Business Administration programme to lure more minorities

The Small Business Administration (SBA) has entered into agreements with a pair of minority business groups to try to increase…


Bill promotes small business loan securitisation

Senator Olympia Snowe introduced legislation that authorizes the Small Business Administration (SBA) to establish a three-year pilot programme that will…


Small Business Administration disaster loans available to some farm-related...

Federal disaster loans are available to small, non-farm, agriculture-dependent businesses in seven Minnesota counties hit by drought this summer, the…

#interest#interest rate#small business


Questions are being asked about MX Factors of California

A Riverside, California, based financing firm that has raised more than $21 million in investments has operated without a state…

#international#international factoring#International Factoring Association


Medallion granted Bank Charter approval

Medallion Financial Corp, a speciality commercial finance company with a leading position servicing the taxicab industry and small business commercial…

CIBC adds a new VISA card to small business...

CIBC today launched a no-fee VISA card for small business that offers a host of benefits including a line of…

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