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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 that other people might not. "I don't think people in mainstream America are actually seeing how severe of an issue...

#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…


Boston Financial & Equity launches AR financing division

Equipment leasing firm Boston Financial Equity Corporation (BFEC) has formed a new division that will provide accounts receivable financing to…

#AR#bank#funding


Asset-based lenders report new credit commitments up 16.2pc

The Commercial Finance Association (CFA) has released its Quarterly Asset-Based Lending Index, Q2 2008, revealing a dramatic 16.2% increase in…


Midway completes US$40m factoring agreement with National Amusements Inc.

Midway Games Inc. today announced that it has entered into a factoring agreement with National Amusements, Inc. (more…)


Businesses turn to factoring as bank credit markets tighten

Tightening bank credit markets may increase the popularity of an alternative financing option for area businesses needing capital. (more…)

#alternative financing#bank#commercial finance


Bibby Financial Services appoints VP Sales and Marketing

Bibby Financial Services (BFS) has announced the appointment of it's new vice president of Sales and Marketing for the Atlanta region.…

#financial services#Vice president


UPS Capital offers small businesses new global trade finance...

UPS Capital, the financial services arm of UPS, is offering an easier and more efficient way for small companies to…

#financial services#international#International Trade


Fundtech introduces Global CASHplus

Fundtech Ltd. has announced the introduction of Global CASHplus (GCP), a new generation transaction banking platform that combines comprehensive global…


Health care providers find factoring companies fill financing void

The credit crunch created by the mortgage crisis has a lot of health care providers turning to factoring companies for financing…

#bank#banks#funding


Bibby Financial Services offers SME owners fast track to...

Bibby Financial Services has announced the introduction of Fast Track Funding, the latest addition to their financial services portfolio for…

#cash-flow#financial services#receivables


Business bankruptcies surge 42% in 2008

The number of businesses filing for Chapter 11 restructuring, and Chapter 7 liquidation, surged in 2008. (more…)

Asset-based loans thrive as cheaper funding vanishes

The economy has slowed, credit quality is suffering, and lenders must pick and choose customers carefully. The perfect time for…

#bank#CIT#commercial finance

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