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First Capital announced it provided a US$2.5m factoring facility to a distributor of fabric selling to independent quilt shops as well as to manufacturers of bedding and children's clothing. (more…)
One year after watch-listing the United States with a negative outlook, Coface has downgraded its country rating for the US…
#crisis#exports#payment defaults
Expanded use of export credit insurance, now highly visible, has had its counterpart in the import arena. (more…)
#Atradius#export credit insurance#insurance
These days, when Joe Ketzner, executive vice president of credit insurer Euler Hermes ACI in Baltimore, talks about the outlook…
#bank#exporters#invoice
Siemens First Capital Commercial Finance, LLC announced an accounts receivable purchase programme for middle-market companies. (more…)
CIT has announced that it has provided a $90 million revolving line of credit and term loan to Como Fred…
#CIT#CIT Commercial Services#funding
Bibby Financial Services (BFS) has expanded its US business with a Client Service Center in Houston, Texas. (more…)
#financial services#receivables#working capital
Aerovance Inc. announced it has secured US$20m in venture debt financing. (more…)
Anchor Funding Services, Inc. has announced its results for 2007. The company reported 2007 finance revenues of US$423,024 (more…)
#acquisition#commercial finance#compliance
New orders for manufactured durable goods in February decreased US$3.6bn or 1.7% to US$210.6bn, the US Census Bureau announced. (more…)
CIT today announced that it is drawing upon its $7.3 billion in unsecured U.S. bank credit facilities. (more…)
#bank#CIT#funding
European shares are down, despite Tuesday's US interest rate cut, as worries remain over the credit crunch. (more…)
Platinum Funding Group has signed an agreement for a US$25m accounts receivable factoring facility with Cumberland Valley Fabricators, Inc. and…