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Commercial lenders predict the economy will improve during first...

Commercial lenders across the nation believe the economy will continue to slowly improve during the first half of 2004, but most said the job market would remain stagnant and that the unemployment rate would remain unchanged, according to the results...

#commercial finance#management#small businesses

Capital Factors allege misrepresentation of Cosmopolitan Gem Corp’s account...

Jewellery-store chain Friedman's Inc. said Thursday (2 October)the U.S. Justice Department is investigating a dispute over accounts receivable. Nearly three…

#account receivables#receivables


CIT Commercial Services acquires US factoring assets from GE...

CIT Group Inc. announced today that its Commercial Services business unit has acquired a substantial portion of the U.S. factoring…


Poland sees US$ 2.53 bn in FDI

Poland saw foreign direct investment (FDI) of US$ 2.53 bn in the first half of 2003 against US$ 3.2 bn…


Company fraud legislation is 'failing' as more than half...

Financial and legal experts have warned that the government's effort to halt the rising tide of business fraud is failing…


Businesses continue to trust in the economy

Positive news was received on Tuesday (30 September) regarding the Finnish economy. Businesses expressed firmer confidence in the future in…

#economy#European Commission#GDP


Bank-owned factoring subsidiary integrates with parent

Century Business Credit Corporation, one of the largest bank-owned factoring companies in the world, has changed its name to Wells…


Funds not reaching local small businesses

The reluctance of some banking institutions to facilitate the use of the lines of credit made available through the Central…


Capital Leasing Pilot Project helps small business owners

Since 1961, hundreds of thousands of small businesses have obtained financing that might not otherwise have been available to them…

#financial institution#guarantee#leasing


Opening up public procurement to small firms

Small- and medium-sized businesses are set to win more contracts from central and local government. Ministers have promised to get…


GE Corporate Financial Services acquires NMB-Heller Limited UK

GE Corporate Financial Services announced today it has purchased NMB Heller Ltd UK from NMB Heller Holding N.V. The transaction…

#bank#commercial finance#ING


Paolo Medic bid for stake in Siam General Factoring

According to Chanin Yensudchai, managing director of Paolo Medic, operator of the Paolo Memorial Hospital, unlisted Paolo Medic is about…

Factor collapses after investing in major clients

Miami-based factoring company E.S. Bankest collapsed this month with debts of at least $170 million, leaving creditors and clients asking,…

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