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Sterling Factors Corporation has announced the appointment of Lawrence Artman as vice president and southeast regional sales manager. (more…)
#bank#commercial finance#funding
Portfolio Recovery Associates, Inc., announced today that it has expanded its bank credit line to US$340m. (more…)
#bank#management#receivables
Gibraltar Financial Corporation announced the formation of a unique new asset-based lending organization, Gibraltar Business Credit. (more…)
Bibby Financial Services has announced the appointment of Adam Keck as Vice President of Sales for the Phoenix, AZ region.…
#bank#business finance#commercial finance
BB&T Corporation said it has attained Preferred Lender status from the US SBA for the SBA's Export Working Capital Program.…
Daniel Curranof Boynton Beach, Fla. was sentenced to 41 months in prison in connection with a US$30m scheme to defraud…
Proficio Bank has provided a US$30m non-recourse factoring facility for Primacy Relocation. (more…)
GMAC Commercial Finance assisted an investor group led by Insight Equity in providing a US$79m senior secured credit facility to…
#commercial finance
Sami Altaher, Executive Director at FGI Finance, will serve on an expert panel at the New York Institute of Credit.…
The upward trend in business bankruptcies that began in 2007 has apparently continued through the first quarter of 2008. (more…)
#bankruptcy#insolvency#recession
USTelematics, Inc., has announced that it has negotiated a purchase order financing facility with Star Funding, Inc. for a minimum…
#letter of Credit#purchase order#purchase order finance
GE announced first quarter 2008 net earnings were US$4.3bn, down 2% from first quarter 2007. (more…)
#commercial finance#financial services
BB&T's SupplyChain360 management team has said it has joined the Supply Chain Strategy and Management Forum at the University of…