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The liquidity crisis is boosting carriers' interest in tapping fast sources of cash through brokers' quick pay plans and factoring, in which fleets sell their accounts receivable to another firm. (more…)
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
Leading provider of factoring finance solutions for SMEs, CIT Group Inc. (CIT) has posted a loss for the third quarter…