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Crown Crafts extends financing agreement with CIT Commercial Services

Crown Crafts today announced that it has amended its financing agreement with CIT Commercial Services, extending (more…)

Capital Partners acquires First Receivable Funding Georgia

Capital Partners USA, Inc. today announced the acquisition of (more…)

#bank#funding#small businesses


CFA Lending Index reveals US SMEs continuing to seek...

The Commercial Finance Association (CFA) today released its Quarterly Asset-Based Lending Index, Q4 2009, (more…)

#bank#commercial finance#non-bank lenders


Sterling success

John La Lota, President of Sterling Factors in the United States, talks to Factorscan about Sterling s recent purchase of…

#bank#CIT#international


64 percent of companies turn to cutbacks in favour...

A study released today by CIT Group Inc. has found 64 per cent of US small businesses found cash flow…


Bibby reports growing demand from apparel companies

Bibby Finncial Services in the US has reported that, after a drought of almost two years, apparel companies are beginning…

#cash-flow#financial services#funding


CIT to repay some of its debt

CIT Group Plc today announced that its Board of Directors has authorised the voluntary prepayment of (more…)


Fraudster jailed for 4 years for false invoice claims

Construction company owner Rosa Barrett Herrera has been sentenced to four years in prison and fined $1.1 million for defrauding…

#invoice#WHO


CIT Group Plc appoints new CEO

CIT Group Plc yesterday announced that its Board of Directors has elected John Thain as Chairman and Chief Executive Officer,…


GMAC reports net loss for 2009

GMAC Financial Services reported a $10.3 billion net loss for 2009. Of this figure, a $5 billion net loss was…


Sterling Bancorp release annual figures

Sterling Bancorp, parent company of Sterling National Bank, have released their annual figures for 2009, reporting a net interest income…

#acquisition#bank#management


Where will the giant lay its head?

CIT Commercial Finance - erstwhile giant of the US factoring industry and the recognised crown jewels of the CIT portfolio…

Receivables Exchange receives 12.1 million euros from investors

The Receivables Exchange, the first online marketplace for real-time trading of accounts receivable, announced this week that it has (more…)

#business finance#cash-flow#management

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