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Bank of America announced it will expand its asset-based lending capabilities to serve smaller middle-market businesses as a result of its acquisition of a former LaSalle Bank business unit. (more…)
John Schmitz, a Hutchinson resident and business executive has opened an office of The Interface Financial Group. (more…)
#alternative funding#bank#invoice
First Capital announced it provided a US$2.5m factoring facility to a distributor of fabric selling to independent quilt shops as…
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