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Textron President and chief executive, Lewis B. Campbell has announced that the the company will downsize Textron Financial and noted it would exit its asset-based lending (more…)
#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
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