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Newtek Business Services has announced that Newtek Business Credit has entered into an amendment to its Credit and Security Agreement with Wells FargoBank (more…)
PrimeRevenue, one of the leading global providers of Supply Chain Finance (SCF) solutions reported strong demand for Supply Chain Finance…
Platinum Funding Group, a factoring provider, has signed a US$12m accounts receivable factoring agreement with Compsec Electric Corporation. (more…)
#AR#cash-flow#invoice
Textron President and chief executive, Lewis B. Campbell has announced that the the company will downsize Textron Financial and noted it…
#interest#interest rate#interest rates
SMEs in the U.S. that have fallen victim to tightened credit conditions by commercial banks are turning to less traditional…
Six years after the company collapsed a federal jury has finally began to hear evidence against the top executive of National…
Despite the financial crisis affecting the US, factoring company Woodbridge Investments has reported a record Q3 (more…)
#crisis#investments#Vice president
While the national financial crisis has ground the flow of credit from commercial and investment banks to a halt, less…
US small businesses now receive a 15% premium rate reduction on two types of Export-Import Bank of the United States…
Southern California-based UC Factors (UCF) a non-recourse factor, has hired a new Business Development Manager to keep pace with its…
#Business Development Manager#order financing#purchase order
United Capital Funding Corp. announced today that originated a record number of new client funding relationship in the most recent…
#AIG#management#Mark Mandula
With the current credit crisis wreaking havoc on Wall Street, factors are cutting the amount of credit available in transactions…
#cash-flow#CIT#receivables
Ciena Capital LLC, a New York provider of factoring services to small and midsized enterprises, has filed for Chapter 11 bankruptcy…
#bankruptcy#small business