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Bancolombia on track to fulfil lending target to SMEs

Colombian bank Bancolombia (NYSE: CIB) loaned more than 15.3bn pesos (US$5.4mn) to some 5,000 small- and medium-sized enterprises (SMEs) in September-November this year, as part of an agreement with the central government. Under the terms of the agreement, Bancolombia was...

GETPAID Corp. appoint VP marketing

The GETPAID(R) Corporation, the leading provider of receivable management software and services, today announced the promotion of Barry Tudor to…

#management#receivables#training


Government loan support for SMEs

The Small Business Guarantee and Finance Corp. (SB Corp.), the lending arm of the Department of Trade and Industry for…

#bank#exporters#guarantees


A view of asset-based lending as only Leonard Machlis...

One of the events of this year that we should remember is the retirement of Leonard Machlis after 38 years…


Major factor to offer credit protection services on the...

GE Commercial Services to provide a credit protection facility for trade transactions GE Commercial Services, a unit of GE Commercial…

#commercial finance#international#International Trade


New Chairman of the board at Gras Savoye Langlois...

Christian Rocheteau has been appointed chairman of the board of directors of Gras Savoye Langlois SA, the factoring and credit-insurance…


UK entrepreneurs faring well in global economic downturn

UK entrepreneurs are faring well in the face of global recession, according to a new survey co-funded by the DTI…

#management#recession#small businesses


Coface joins forces with Uruguayan bank

Urguayan bank Banco Acac has joined forces with French insurer Coface to provide export financing with credit insurance, local daily…


Slide in exports triggers record trade deficit

The Federal Reserve decided to keep short-term interest rates unchanged yesterday, in something of an anticlimax to recent dramatic developments…


Fed keeps short-term interest rates steady

The Federal Reserve decided to keep short-term interest rates unchanged yesterday, in something of an anticlimax to recent dramatic developments…


SME Business booms in Bexleyheath

Business is booming in the most profitable town in Britain, despite the average business seeing a fall in profits, a…


Legislation on factoring and late payment to be considered

A high level meeting in the Planning Commission today on the flow of credit to the small scale sector decided…

#bank#interest rates#late payment

Chinese bank allowed to handle factoring business

The Industrial and Commercial Bank of China (ICBC) announced Tuesday that the central bank has officially ratified the ICBC to…

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