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Economic pressures continue to impact the economy and slow consumer spending, the effect on the retail industry could cause a serious ripple effect on the manufacturing supply chain. (more…)
Atradius Trade Credit Insurance has announced the worldwide availability of its services in partnership with ZANA Network. (more…)
#Atradius#insolvency#international
Sterling National Bank has announced that Joseph Costanza has been named senior vice president of the ABL unit. (more…)
The credit crunch has jumpstarted asset-based lending and factoring on Long Island, as banks tighten lending standards and business borrowers…
Canam Credit USA has launched a new business unit called Expo Debt Assistance Inc. (more…)
Trade credit sector has seemingly weathered the credit crunch but Euler Hermes sees a more challenging business environment ahead. (more…)
KL Finance has closed a US$30m receivable finance facility for timeshare receivables originated at the Aruban Resort Casino. (more…)
Spectrum Brands has closed a US$225m asset-based revolving credit facility with Goldman Sachs and Wachovia Bank. (more…)
#bank#Goldman Sachs#interest rate
Ex-Im Bank extends its offer to reduce its exposure fee on asset-backed financings. (more…)
BB&T Commercial Finance provided US$15m via an ABL facility, for a manufacturer of industrial and commercial sprinklers. (more…)
#BB&T#commercial finance#management
According to the Discover Small Business Watch, confidence among small business owners fell to its lowest point in a year in…
Ned Davis Maraman, owner of Daman Tools in Cleveland has been indicted for wire fraud and money laundering. (more…)
#bank#factoring fraud#invoice
When Home Depot tried to sell its struggling wholesale distribution business last month, the price for the unit, HD Supply,…