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Fingerhut Direct announced today that it has negotiated a $100 million senior secured line of credit comprised of a revolving line of credit secured by inventory and a bridge loan for consumer instalment receivables. CIT Business Credit's Retail Finance Group...
#acquisition#CIT#receivables
This month's survey revealed renewed weakness within the consumer service sector, with rapidly falling volumes of business and profitability, and…
The Department of Trade and Industry's Small Business Service (SBS) has announced a consultation into developing a US-style Small Business…
Gems and jewellery exports from India are set to get credit insurance in the current financial year. Global Trade Finance,…
#bank#exporters#exports
Global Trade Finance Pvt Ltd (GTF), receivables management and export-financing company promoted by Exim Bank of India, WestLB of Germany…
The protracted economic downturn and uncertainty over war in Iraq took a toll on lenders' attitudes last quarter, with most…
#bank#commercial finance#interest rates
Chile's central bank has authorised credit unions to request loans from foreign and local financial institutions as part of a…
Recent European legislation means that non-UK incorporated companies can be put into administration in the UK if they fulfil certain…
A spokesperson from Singer & Friedlander Factors Limited today told BCR that the company is to close in the next…
#Two
The Export Credits Guarantee Department (ECGD) will be lifting a burden on industry while maintaining its rigorous screening of projects…
Hungarian financial enterprises other than banks posted a significant improvement in profitability last year, while the quality of their portfolios…
HSBC Invoice Finance UK Ltd have released their year ended 2002 results showing that the company has made a 13.2…
#international#invoice
Goods worth Rs 180 crore shipped from India under the ‘Food for Oil’ programme are blocked at various entry points…
#export credit insurance#exporters#exports