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Nation sets up special fund to support SMEs

China has set up a special fund to support the development of small- and medium-sized enterprises (SMEs), said China's Ministry of Finance (MOF). The funds, which come from the central government's budget (more…)

GMAC CF reveals record month in import factoring, plans...

The UK commercial finance unit of GMAC (GMAC CF) has said September was a record month for import factoring since…

#asset-based lender#commercial finance#international


CPAC, Inc. obtains new asset-based financing from HSBC

CPAC, Inc. has announced that it has entered into a new financing agreement with HSBC Business Credit (USA) Inc. to…

#bank#Bank of America#international


KredEx grant for SMEs is a waste of public...

State Credit and Export Guarantee Fund (KredEx) is offering companies grants in the amount of up to EEK16m (euros 1m).…


Experian-Scorex opens Warsaw office

Experian-Scorex, the global decision analytics business of Experian , has established an office in Warsaw. This move confirms the company's…


Small Business and Consumer Lending Benchmark Reports 2006 released

This year's small-business report indicates that large banks have focused on improving their responsiveness to lending requests, with application turnaround…

#banks#financial institution#financial institutions


Sterling National Bank adds two veterans to factoring unit

Sterling National Bank, a subsidiary of Sterling Bancorp, announced the appointments of its vice president, director of business development and …

#bank#cash management#financial services


Sovereign Bank provides asset-based working capital financing to OHM...

Sovereign Bank has announced that it has provided an asset-based revolving credit facility to OHM International, Inc., an importer and…

#bank#international#International Trade


China Security and Surveillance Technology Inc. secures new factoring...

China Security Surveillance Technology Inc., a leading provider of digital surveillance technology in China, has announced that it has signed…


Factoring in the UK – update

The selling of outstanding invoices or trade receivables at a discount for cash upfront is fairly big business in the…

#bank#commercial finance#debt finance


Deregulation of credit, financial leasing and factoring activities in...

The deregulation of credit, financial leasing and factoring activities in Mexico will have a major impact on both buyers and…

#anti-money laundering#bank#interest rates


BDDK approves Denizbank sale

Banking Regulatory and Supervisory Authority (BDDK) approved the sale of 75% shares of Denizbank to Dexia (more…)

#leasing

CIT to acquire Barclays UK and German vendor finance...

CIT Group Inc., a leading global provider of commercial and consumer finance solutions, has confirmed that it has agreed to…

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