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To meet growing demand from Nigerian banks for financing to support Nigerian purchases of US goods and services, the Export-Import Bank of the United States (Ex-Im Bank) has more than doubled the size of its Nigerian Bank Facility to US$1bn,...
#bank#emerging markets#exports
Wells Fargo Business Credit, a unit of Wells Fargo Company (NYSE: WFC), said today that its Factoring division has signed…
#acquisition#international#purchase order
Proficio Bank, of Salt Lake City, has closed a $17.5 million rediscount facility for Transfac Capital, a national factoring company,…
#bank#management#receivables
Textron Financial Corporation, a Textron Inc. (NYSE: TXT) company, announces that Robert Wagner has been promoted to president of its…
CIT Group Inc.(CIT), a leading global commercial finance company, today announced that it has agreed to a $3 billion long-term…
Bibby Financial Services (BFS) has appointed Greg Whitten, business development officer, servicing the Midwestern areas of Rockford and Peoria, Illinois…
#cash-flow#commercial finance#financial services
Voyager Petroleum Inc entered into a factoring agreement with BLN Capital Funding LLC, for up to US$1m in purchase order,…
#management#purchase order#receivables
Dominion Business Finance LLC, an asset-based lender in Tampa, was acquired by Southeastern Commercial Finance LLC in Birmingham, Ala. (more…)
Wachovia Capital Finance (WCF), the asset-based lending business for Wachovia Bank, has named three industry leaders to new leadership roles…
GE Commercial Finance Corp. Lending announced that it provided a $125 million asset-based credit facility to a New York-based drug…
#commercial finance#interest rate#management
The premier factoring company, Platinum Funding Group, has signed a two-year, US$8.4m invoice factoring agreement with a maintenance contractor servicing…
GE Commercial Finance Corp. Lending announced that it provided a US$125m asset-based credit facility to a New York-based drug store…
Oxygen Funding Corporation, a new factoring company has announced the opening of their corporate offices located in Lake Forest, CA.…
#cash-flow#factoring industry#funding