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Southern California-based UC Factors (UCF) a non-recourse factor, has hired a new Business Development Manager to keep pace with its growth. (more…)
#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
Office Depot has secured a new US$1.25bn asset-based credit facility. (more…)
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
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
From his unique perch as the CFO of First Capital Mark Hogard sees the current financial crisis in a way…
#AIG#banks#LIBOR
The Export-Import Bank of the United States has approved a US$9.9m medium-term loan guarantee to support the export of industrial…
Equipment leasing firm Boston Financial Equity Corporation (BFEC) has formed a new division that will provide accounts receivable financing to…
#AR#bank#funding
The Commercial Finance Association (CFA) has released its Quarterly Asset-Based Lending Index, Q2 2008, revealing a dramatic 16.2% increase in…
Midway Games Inc. today announced that it has entered into a factoring agreement with National Amusements, Inc. (more…)
Tightening bank credit markets may increase the popularity of an alternative financing option for area businesses needing capital. (more…)
#alternative financing#bank#commercial finance