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Factoring companies foresee growth in 2003

The 11 factoring companies belonging to Mexican factoring association AMEFAC expect that their monthly credit operations in 2003 will exceed the 3.98bn pesos (US$380mn) loaned the previous year, AMEFAC chairman Guillermo Lagos Espinosa said yesterday. Factoring companies have been helped...

#factoring industry#Two

iBX Group buys NursesSTAT™ to integrate healthcare staffing and...

iBX Group, Inc., (OTC Bulletin Board: IBXG) announced today that it has finalized the acquisition of NursesSTAT™, a leading-edge medical…

#acquisition#cash-flow


Stronger exports boost trade insurance demand

Stronger exports in Argentina have boosted the demand for trade insurance, which is likely to grow between 20% and 30%…


Fogape auctions US$77m small company loan guarantees.

Chile's state-sponsored loan guarantee fund Fogape has auctioned a total of US$77m in loan guarantees for small company lending to…


SME finance company files registration statement for proposed initial...

CapitalSource Inc. announced today that it has filed a registration statement with the Securities and Exchange Commission for a proposed…

#cash-flow#commercial finance#Credit Suisse


Desarrollo boosts leasing activities and eyes up factoring agency

Intesa sold its Sudameris banking franchise in Chile to Desarrollo last month in return for US$30m in newly issued Desarrollo…


Lenders expect dramatic improvement in economy within 18 months

According to the results of the latest Phoenix Management "Lending Climate in America" quarterly survey, three-quarters of commercial lenders expect…


Banks lend SMEs US$161million to May, up 49% from...

Colombia's banking system issued loans totalling 451bn pesos (US$161m) to small- and medium-sized enterprises (SMEs) this year to May, up…

#bank#guarantee#guarantees


Free trade agreement provides niche opportunities for factors

Chile's free trade agreement (FTA) with the European Union (EU) and the imminent agreement with the US could lure international…

#banks#Boost#international


International Factoring Association seminar announced

The International Factoring Association is to hold a one-hour teleconference seminar on Thursday, 12 June at 1pm Pacific Daylight Saving…


Telemedicine company adds credit insurance to help grow exports

In an effort to boost overseas sales, AMD Telemedicine just added another small weapon to its arsenal. The Shattuck Street…


Euler & Hermes to compete with Coface in export-guarantee...

Euler do Brasil, the local credit insurance unit of German financial group Allianz, has received government authorisation to insure export…

Man charged with US$35 million frauds involving factoring company...

George (Carl) Alexander Jr. faces 12 counts of mail fraud and money laundering said the U.S. Attorney's Office. The authorities…

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