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Alliance Entertainment Corp. extends US$135m asset-based credit revolver

Alliance Entertainment Corp. today announced that it has extended the term of its Revolving Credit Facility with GE Commercial Finance to 19 August 2006. Under the terms of the agreement a maximum amount of $135 m will be made available...

#BPM#commercial finance#management

Euroges Factoring profitability up 42%

Banco Espirito Santo Overseas Ld has published results showing consolidated net profit reaching Euro 222.1m, which corresponds to an increase…

#insurance#international#international factoring


Banks rush to expand lending to SMEs

Local banks, under pressure to scale back consumer lending to households and individuals, are scrambling to find alternative ways of…


Penalties beefed up over late payments

Disputes over late business payments are popularly depicted as a David and Goliath struggle between a small supplier and a…


Dutch giant adds factoring to its services

In a bid to add debt purchasing and surveillance to its local service portfolio, Dutch debt collecting giant Intrum Justitia…

#debt collection#i#management


GE's global strategy includes commercial finance expansion

The purchase of First National's consumer credit operation fits with the global strategy of one of the world's largest conglomerates.…


Bankers and lawyers advise investors to flee the retail...

Bankers and lawyers are advising investors to pull out of the retail, automotive, insurance, household and textiles and telecom sectors…


Fleet Capital announce US$15m asset-based finance deal

Measurement Specialties (Amex: MSS) announced today that on Friday, 31 January 2003, the Company has entered into a three-year US$15…

#AMEX#management#security


Numerica business recovery group awarded ISO 9001: 2000 accreditation

Business services group Numerica Group plc today announced that, following an audit by the International Standards Organisation(ISO), its ISO 9001…

#international#management#risk


First economic indicator of the month

Manufacturing economy contracts more sharply in January as new business falls and capacity is cut. For the first time since…

#economy#inflation#investment


Financial services firms are seeking to capitalise on their...

Company directors in financial services companies are attaching growing importance to the value of intellectual property, even though current accounting…


Legislative change increases credit insurance importance to creditors

Recent changes to the Companies Act could reduce the chances of creditors getting paid when debtors go into liquidation, Credit…

#guarantee#insurance#Paid

New interest rate in case of late payment

In order to combat delays in payment in commercial transactions, the Belgian legislator has transposed the EU Directive of 29…

#bank#i#interest rate

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