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Fast growth as factoring gets wider acceptance.

Factoring companies have increased their business by 8.2% from January to September to Pesos$1,228,287 million (US$1,820 million), according to estimates from the factoring industry association ACHEF. This increase reflects a wider acceptance of factoring as a financing alternative for SMEs....

Inverlink to open bank targeted at SMEs

Chilean financial group Inverlink plans to file for a banking license before year-end with a view to opening a bank…


EquiFin reports Q3 2002 and nine month financial results

EquiFin, Inc. (AMEX:II AND II,WS), today reported third quarter and nine-month results for the period ended September 30, 2002. EquiFin,…

#AMEX#compliance


Brazil hikes prime rate to crush inflationary pressures

For the second time in two months, Brazil's central bank increased its prime lending rate, this time by a percentage…

#bank#Bank of America#economy


Transamerica sets up wholesale financing joint venture with Brunswick

Transamerica Distribution Finance, a global provider of inventory finance, accounts receivable finance, and asset-based lending services and Brunswick Corporation (NYSE:…

#accounts receivable finance#financial institutions#Inventory finance


Accord Financial Corp. posts Q3 and nine-month results

Accord Financial Corp. (TSX - ACD), a leading North American provider of asset-based financial services to businesses, including lending, factoring,…


Wells Fargo appoints new factoring vp for Alaska and...

Twenty-year banking veteran Kathleen Tye was recently named vice president and business development officer for factoring services for Wells Fargo…

#Vice president#WHO


Factors face increased competitive pressures and financing difficulties

Greater competition and financing problems herald significant changes for Chile's factoring industry, local financial daily El Diario reported. The reduction…


Fed Stuns Markets With 50-point Rate Cut

The US Federal Reserve showed its determination to head off renewed threats of economic weakness by cutting interest rates aggressively…

#bank#Bank of England#banks


John J. Tobin joins TORYS LLP

John J.Tobin has joined the firm as a partner in the Toronto Tax Department and as a member of the…

#banks#financial institutions#international


UPS Exploits Delivery System to Make Loans Against Inventory...

Just over a year after buying a bank, United Parcel Service Capital Corp. is carving a niche for itself by…


Government Development Agency Grants Loan to Factoring Company

The Chilean government's industry development agency Corfo has granted a US$1mn loan to local factoring company Profactoring to help the…

Desjardins Launches its EXPORT D Factoring Solution

Desjardins Group is expanding its range of integrated business solutions with the launch of EXPORT D, a new factoring solution…

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