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In response to increasing demand for business credit and the sharp decline in the supply of bank loans, Universal Funding Corporation is launching its own small business stimulus program (more…)
#bank#commercial finance#international
Last year Covenant Construction Unlimited billed for more than $1m in work. The invoices were passed on to a factoring…
Troubled US lender CIT has been obliged to let one of its clients walk away from contract following an out…
In a filing, CIT Group said it was unable to file its quarterly report for the period ended June 30,…
#CIT#funding#liquidity
Shares in troubled lender CIT Group Inc. dropped more than 20% by the close of trading Monday amid fears the…
#alternative financing#bankruptcy#CIT
Platinum Funding Group has signed an agreement to provide a $66 million accounts receivable factoring facility to a leading provider…
#banks#funding#liquidity
Bibby Financial Services said today it is unveiling 'KickStart' a specialized funding program for entrepreneurs and small business owners (more…)
FGI Finance has announced the appointment of it's new vice president of business development, responsible for developing the U.S. West…
#commercial finance#commercial lending#purchase order
Troubled lender CIT Group Inc. today announced that it has amended its pending tender offer for its $1bn of Floating…
#CIT#small businesses
Troubled lender CIT Group has announced that it will give $1 billion of that money to its trade finance unit…
#bankruptcy#Boost#CIT
United Capital Funding Corp. announced today that they continue to have strong demand for their services for the year to…
An examination of the troubles at CIT in the US, and the company's possible future after it went to shareholders…
#bank#invoice#management
A woman accused of scamming an invoice factoring company has been indicted on 15 counts of fraud and money laundering…
#factoring fraud#financial services#invoice