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Bibby Financial Services funds $35m in new facilities for...

Bibby Financial Services said today that during the fourth quarter, its North American division provided more than US$35 million in credit facilities (more…)

#financial services#funding#receivables

Late payments increase as credit insurance evaporates

As the credit crisis worsens, the disappearance of credit insurance has sent vendors scurrying through a mousetrap full of retail…


IFG sees boost in factoring amid tightening credit markets

The Interface Financial Group has announced that its factoring business in the construction sector was up by 40 percent in the…


Checking the US’s vital signs

Mark Mandula of United Capital Funding provides his insights into the impact of the crisis upon US liquidity, SME risk and defaults,…

#bank#financial services#Mark Mandula


PFSweb completes renewal of US$40m in credit facilities

PFSweb, Inc. today announced the renewal of its EUR7.5m factoring agreement with Fortis, along with deals to secure USD32.5m in credit…

#bank#commercial finance#international


BofA Business Capital provides $65m asset-based loan

Bank of America Business Capital announced it provided a $65m asset-based loan to Midland Paper Company (more…)

#bank#Bank of America#liquidity


Alternative finance essential for SMEs wishing to survive in...

US business analysts are predicting that thousands of SMEs will go bust by the New Year if they are unable…

#alternative financing#American Express#risk


Colorado entrepreneur charged with fraud in factoring scam

The principal of a Colorado-based shipping firm has been charged with two counts of felony theft for allegedly defrauding a local…

#funding#leasing#Two


Quarterly Asset-Based Lending Index Shows 17.1 Percent Increase

Report by the Commercial Finance Association reveals an increase in new credit commitments in the third quarter of 2008. (more…)


Export-Import Bank to provide liquidity to small business exporters

The Export-Import Bank of the United States has enhanced its trade finance products to help counter the tightening of credit…


Asset-based lenders report 17 percent increase in new credit...

Asset-based lending fills void left by credit market decline. (more…)


GMAC Applies for Status as Bank and Begins Debt...

GMAC applies for status as a bank holding company to gain access to a $700 billion Treasury rescue fund. (more…)

#bank#CIT#guarantees

Filling empty vans

The liquidity crisis is boosting carriers' interest in tapping fast sources of cash through brokers' quick pay plans and factoring,…

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