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Universal Funding announced four new clients

Universal Funding attracts USD1.7 million of new business in December. (more…)

BofA Merrill Lynch, others arrange USD600m facility to PRA

Virginia-based Portfolio Recovery Associates (PRA) has announced the close of a US$600 million credit facility to fund business operations and…

#bank#Bank of America#LIBOR


CFA to certify ABL and factoring practitioners

Commercial finance association announces certification program for asset-based lending and factoring professionals. (more…)

#asset-based lender#commercial finance#training


TopLiner by Coface to encourage proactive approach to risk...

Coface has introduced a new supplemental cover for existing customers. (more…)


Ex-Im Bank approve SCF transaction to support U.S. suppliers

Ex-Im Bank says it will guarantee up over USD400 million to be paid out to Caterpillar suppliers. (more…)


TCI Business Capital introduces new factoring service

TCI Business Capital, a provider of oilfield factoring services, has released a new series of factoring service lines specifically designed for…


The Commercial Finance Association USA reiterates their focus on...

  The Commercial Finance Association USA reiterates their focus on education for the new generation of factoring specialists at their 68…

#commercial finance#Mark Mandula#PO


First Business launches factoring service

First Business Financial Services, Inc., has announced that, through its asset based lending company, First Business Capital Corp., it has…

#bank#financial services#management


PaySimple unveils new receivables management program

PaySimple, a Colorado-based provider of cloud-based automated payments and receivables solutions for SMEs, has launched a new receivables management software…


NewStar Financial increases lending capacity by USD150m to support...

NewStar Financial Inc., a Boston-based commercial finance company, has amended its existing credit facility with Wells Fargo to increase its…


Hitachi Capital America enhances factoring business with latest acquisition

Hitachi Capital America has acquired the assets and operations of Michigan-based Hennessey Capital, which will operate as a division of…


United Capital sets up funding program to assist Hurricane...

United Capital Funding Corp., a Florida-based provider of professional accounts receivable-based funding and credit management solutions, has set up a…

#funding#management#Mark Mandula

Factoring fraudsters charged with money laundering

A federal grand jury in Rochester, New York, returned a 12-count indictment charging Kenneth M. Griffin, 45, and Brian K.…

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