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GMAC applies for status as a bank holding company to gain access to a $700 billion Treasury rescue fund. (more…)
#bank#CIT#guarantees
The liquidity crisis is boosting carriers' interest in tapping fast sources of cash through brokers' quick pay plans and factoring,…
The Export-Import Bank of the United States states it could still be assisting many more exporters. (more…)
#bank#export credit insurance#exporters
A new programme at asset-based lender Resource Management is offering former financial employees training in factoring. (more…)
#alternative lending#bank#commercial finance
GMAC Financial Services, the parent company of global factoring company GMAC Commercial Finance, reported a 2008 third quarter net loss…
Mitchell A. Meth has joined Crestmark Bank as first vice president, based out of the company's new office located in New…
#awards#bank#international
Boston Financial Equity Corporation has introduced its new asset-based lending division, Boston Financial Funding (more…)
#accounts payable#funding#i
GMAC Financial Services has confirmed in a statement that it is talking to US federal regulatory authorities about becoming a bank…
Westgate Financial Corp announced that Louis G. Barone has joined the firm as director of Trade Finance (more…)
First Capital has provided a US$2m factoring facility to a company that sells, services and maintains a variety of furniture…
#digital#financial services#SAFE
Salt Lake City, Utah based Summit Financial Resources has appointed Jerome Gregory as vice president, Business Development in the Northeast…
Mark D Schroeder has joined Great Lakes Business Credit and will, as regional marketing director, open and oversee Great Lake…
DBS Bank will provide a USD13m financing facility to The Singing Machine Company, including USD7m in accounts receivable factoring (more…)
#accounts payable#bank#BB&T