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PICIC provides Rs300m to entrepreneurs

Pakistan Industrial Credit and Investment Corporation (PICIC) has so far disbursed Rs 300 million among small entrepreneurs under small business finance (SBF) in the last twelve months. A senior executive of PICIC said here Wednesday that his corporation was now...

#bank#business finance#capital requirements

Fundamentals for lending to SMEs

As a whole, SMEs have limited assets and inadequate collateral; their financial accounting is poor; they are often family-run, and…


Allgemeine Kredit Coface Finanz predicts growth in factoring market...

Allgemeine Kredit Coface Finanz (AKCF), the German subsidiary of French financial group Coface, is anticipating further growth in its business…


Overhang of VC-backed private companies in Europe reduced

Venture capital (VC) backed private companies represent a target market for factors. Many VC financings are accompanied by invoice finance.…

#economy#funding#invoice


Late payment legislation shows strong early signs of helping...

With just 18 months elapsed since the late payment legislation was completely implemented in the UK, the Better Payment Practice…


Zurich signs insurance agreement with SINOSURE

Zurich's Emerging Markets Solutions group, the political risk and trade credit insurance unit of Zurich, has signed a memorandum of…


Versailles case nears its close

Carl Cushnie made millions by defrauding investors in trade finance firm Versailles, it was claimed yesterday, as the case surrounding…

#MAN#trade#WHO


Bancуldex issues US$191m in business loans in Q1

Colombia's state-owned export development bank Banco de Comercio Exterior de Colombia (Bancуldex) issued loans totalling 502bn pesos (US$191m) to the…


Michigan bank buys Manchester Commercial Finance

Manchester Commercial Finance, an Edina-based financial services provider that specialises in asset-based lending to small- and medium-sized companies (SMEs), has…


KPMG appoint mid-market head of Corporate Recovery

A new head of KPMG’s national mid-market Corporate Recovery team has been appointed. Myles Halley is moving to the London…

#insolvency


FactorHelp announces new managing director

FactorHelp announced that a 20-year veteran in the factoring and small asset-based lending (ABL) industries, Thomas G. Siska, has joined…

#commercial finance#funding#Vice president


Small firms urged to join Russian revolution

Speaking at the Russian Economic Forum in London this week, Trade and Industry Secretary Patricia Hewitt warned that UK businesses…

#exports#forum#small business

SMEs facing financial crisis

These days small- and medium-sized businesses (SMEs) are undergoing a financial crisis worse than that of 1997. While large companies…

#bank#cash-flow#Paid

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