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New factoring firm launched in Hertfordshire

A new factoring company Team Factors Ltd is to be launched in Hertfordshire, Business Money News has reported. Based in Kings Langley, Hertfordshire, the company has been established by John Shulman and Bob Crumbley who, according to Business Money, bring over...

Factoring “the fastest growing product in Trade Finance” says...

The FIM Bank Group has announced a post-tax profit of $1.6 million for the year 2009 and stressed its (more…)


IIC extends loan to BBVA Continental to support SME...

The Inter-American Investment Corporation (IIC) has signed a loan agreement of (more…)


The return of the taxman

Following the success of the Business Payment Support Service, Factorscan asks whether its possible withdrawal is on the horizon and…


EIB increase SME support in Slovenia with bank loans

The European Investment Bank (EIB) is providing two loans totalling 50 million to support small and medium sized projects in…

#bank#business finance#guarantees


Letter from Uncle Sam

In the first of an editorial series examining developments in the US, Mark Mandula, Managing Director of United Capital Funding…

#bank#conference#Mark Mandula


Ultimate Finance launch new trade finance venture

Ultimate Finance Group has set up a new subsidiary to provide trade finance to small and (more…)


Atlantic Bank joins Global Trade Finance Program

IFC, a member of the World Bank Group, today announced that Atlantic Bank has become the first bank in Belize…

#bank#emerging markets#First Bank


Small business lending conditions addressed in Budget

UK Chancellor Alistair Darling has addressed small business lending conditions in his 2010 Budget, released yesterday, and has unveiled (more…)


Wells Fargo confirm acquisition of majority of GMAC factoring...

Wells Fargo Company has today confirmed that Wells Fargo Bank, N.A. has (more…)

#bank#commercial finance#receivables


Factoring volumes drop sharply following February earthquake

Factoring volumes in Chile declined significantly in the wake of last month s 8.8 magnitude earthquake, Chairman of Chilean factoring…

#factoring industry


Factoring customers returning to CIT, states Vice Chairman

Factoring customers are beginning to return to CIT Commercial Services, according to a recent statement by CIT Group Vice Chairman…

#bankruptcy#CIT#CIT Commercial Services

Sale of GMAC factoring unit could be announced today

GMAC could be about to sell its factoring division to Wells Fargo, Bloomberg has reported. Citing two people with direct…

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