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NCFE s top executive faces Federal jury on factoring...

Six years after the company collapsed a federal jury has finally began to hear evidence against the top executive of National Century Financial Enterprises, a provider of medical receviables factoring. (more…)

Factor reports a record Q3 2008

Despite the financial crisis affecting the US, factoring company Woodbridge Investments has reported a record Q3 (more…)

#crisis#investments#Vice president


Businesses turn to non-traditional lenders for capital

While the national financial crisis has ground the flow of credit from commercial and investment banks to a halt, less…


Ex-Im Bank reduces premiums on small business insurance policies

US small businesses now receive a 15% premium rate reduction on two types of Export-Import Bank of the United States…


UC Factors hires BDO in Phoenix

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. announces record number of new...

United Capital Funding Corp. announced today that originated a record number of new client funding relationship in the most recent…

#AIG#management#Mark Mandula


Factors take cautious stance on financing weak retailers

With the current credit crisis wreaking havoc on Wall Street, factors are cutting the amount of credit available in transactions…

#cash-flow#CIT#receivables


NY factor Ciena Capital files for bankruptcy

Ciena Capital LLC, a New York provider of factoring services to small and midsized enterprises, has filed for Chapter 11 bankruptcy…

#bankruptcy#small business


Office Depot secure multi-lender US$1.25bn ABL facility

Office Depot has secured a new US$1.25bn asset-based credit facility. (more…)


UniCredit provides new Ђ60m medium-term credit and factoring facility

KEMET Corp. said it entered into new medium-term credit facility for EUR60m with UniCredit Corporate Banking S.p.A. (more…)

#Corporate banking#Two#Unicredit


US provides US$400m in financing to support exports

A U.S. government agency said Thursday it has provided a US$400m loan guarantee to support exports to India by several…

#bank#exports#guarantee


A factor in the financial crisis

From his unique perch as the CFO of First Capital Mark Hogard sees the current financial crisis in a way…

#AIG#banks#LIBOR

Ex-Im Bank approves US$9.9m loan guarantee

The Export-Import Bank of the United States has approved a US$9.9m medium-term loan guarantee to support the export of industrial…

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