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Corgenix Medical Corporation have secured a $1,750,000 asset-based finance facility with Summit Financial Resources LP, retiring their previous factoring agreement with Benefactor Funding Corp. (more…)
Two creditors from the steering committee of CIT s bondholders have resigned, Bloomberg have reported. Pacific Investment Management Company (PIMCO)…
#CIT#funding#investment
According to a report by CreditSights Inc., CIT s plans for restructure have very little hope of succeeding. The report,…
#bonds#CIT#liquidity
CIT officially announced a financial restructuring plan late yesterday; opting as previously reported to offer debt exchanges to bondholders in…
PrimeRevenue has announced a partnership with OB10 to provide a combined supply chain finance platform and e-Invoicing solution to Fortune…
#invoice#payment terms#receivables
It has been another week of uncertainty for CIT, as the firm approached today s deadline for the restructuring of…
The Interface Financial Group (IFG) today announced the addition of three new additions to its services. The firm will now…
#international#invoice#smes
Wachovia, a Wells Fargo subsidiary, last week introduced its first complete end-to-end supply chain finance solution, which will provide both…
#bank#receivables#supply chain finance
CIT Group PLC are seeking to foreclose on a $12 million loan made to New York based property developer 654…
Coface North America are seeing a dramatic increase in demand for the company's trade credit insurance in the United States,…
Coface Credit Management North America, Inc., the factoring arm of Coface North America, has provided a factoring facility for a…
The troubles at factoring giant CIT continue to deepen, with the company remaining tight-lipped about its future. BB&T provide insights…
Senior business leaders in the banking and financial services industry foresee their industry's recovery lagging that of the national economy,…
#cloud#financial services#management