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Heller Financial Discontinues SBA Loan Origination

Heller Financial, Inc., the worldwide commercial finance company, today announced that after an extensive review of strategic alternatives, it will discontinue its origination of U.S. Small Business Administration ("SBA") loans, effective immediately. "With increased competition from banks focused on capturing...

#cash management#commercial finance#management

First Coastal to Launch Factoring Service.

First Coastal Bank, based in El Segundo, California, has announced that it will begin to market a factoring and accounts…


A Fraud Caught in Time and the Lessons Learned

by Ken Walsleben Introduction: On Wednesday, October 4, 2000, I received a promising call from a broker introducing a New…


The Advantages and Limitations of Guarantees

by D. Brent Wells Introduction As long as extension of credit has driven commerce, creditors have been wary of accepting…

#frauds#guarantees#insolvency


Closing Clients Electronically

by Pat Stiehm As we all know in the factoring business, we usually have a short window of opportunity to…

#accounts payable#conference#e-commerce


Factoraje Comercial America Reports Fourth Quarter and Full Year...

Factoraje Comercial America S.A. de C.V., the factoring subsidiary of one of Mexico’s leading insurance companies (Seguros Comercial America), today…

#insurance


CIT And 7thOnline in Alliance to Provide Financial Services...

CIT, a leading global source for financing and leasing capital managing more than $50 billion in assets, and 7thOnline, a…


BB& T to Provide Secure Web Site for Clients

van Schouwen Associates, a full service marketing and interactive agency in Greensboro, North Carolina, has been awarded the contract to…


First Digital Signature Contract for Asset Based Lending Introduced...

1st PM Factors Bancorp (also known as Pmfactors.com) has announced the first fully digital set of contracts signed using a…

#digital#funding#software


CIT, Sinopac and C-ME to be Joined in Financing...

The US financing company, CIT, today announced the establishment with Taiwan’s Bank Sinopac and C-ME (Cyber Merchants Exchange) of a…

#bank#exporters#international


Asta Funding Reports 45% Increase in Net Income in...

The financial services company, Asta Funding Inc., which specialises in factoring as well as the purchase, liquidation and management of…

#financial services#funding#management


Asta Funding Reports Acquisitions of Finance Receivables

The financial services company, Asta Funding Incorporated today reported that Asta Commercial, LLC, a wholly owned subsidiary of the company,…

#financial services#funding#i

HNS Wins Provisional Licence to Create Exclusive SME Bank

Heller Net Sud, the Japanese-Chilean firm specialising in factoring and leasing, has announced that Chile’s bank regulator on Wednesday granted…

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