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Wells Fargo confirms factoring company deal

Wells Fargo Company said it has acquired Evergreen Funding Corp., the Dallas-based factoring company serving small and middle market companies (more…)

#bank#financial services#funding

CIT Lending provides debt financing for iPay Technologies' recapitalisation

 iPay was advised on the transaction by William Blair Company and debt financing was provided by CIT Lending Services (more…)

#banks#CIT#financial services


GECF provides multi-million cash flow facility

The corporate lending unit of GE Commercial Finance (GECF) is providing cash flow finance worth (more…)

#capital requirements#cash-flow#commercial finance


Heritage Bank appoints factoring specialist as VP and Commercial...

The president and CEO of Heritage Financial Corporation has announced that Heritage Bank has named as Vice President and Commercial…


Congress bolsters Ex-Im Bank small business efforts

The US Congress has approved changes to the US export credit agency to make it more focused on small businesses…

#bank#exporters#exports


New factoring provider stakes claim

A US-based financial consultant has launched a receivables finance service. Noble Associates Consulting, a provider of SAP and Oracle E-Business…


Big Lots reveals supplier finance deal

US retailer Big Lots is to deploy a new supply chain finance platform for its suppliers. Prime Revenue, the provider…

#bank#cash-flow#SCF platform


Bibby Financial Services announces CEO for Southeast Business Unit

Bibby Financial Services announced the promotion to chief executive officer of (more…)


Factor quenches cashflow thirst for Royal Spring

Royal Spring Water, a bottler and distributor of water in the US, has announced it has secured an accounts receivable…

#business finance#cash-flow#management


Wells Fargo buys Dallas factoring firm

Wells Fargo Co. said Thursday that it was purchasing a Dallas-based factoring company serving small- and mid-sized businesses (more…)

#acquisition#bank#factoring industry


GE Commercial Finance starts up trade receivables securitisation unit

GE Commercial Finance is starting up a new effort to securitise trade account receivables. While the company has provided trade…


Factoring fraud case to grand jury

If convicted, he could face up to 20 years in prison. The fraud charges stem from US$270,000 advanced as part…

#factoring fraud#MAN#management

Wells Fargo sees Bay Area small business lending soar

Wells Fargo said the dollar volume of its small business lending in the Bay Area jumped almost 33% to (more…)

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