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Wells Fargo hires BDO for newly acquired Commerce Funding

Wells Fargo has named its vice president of business development for its newly acquired Commerce Funding Corporation (CFC) (more…)

#bank#commercial finance#financial services

FactorLoads and Carbonfund.org partner to 'move freight carbonfree'

Carbonfund.org, a leading non-profit carbon offset organisation and FactorLoads, the premier freight bill factoring service for owner operators and small…

#Bill#Penny#trade


Kaulkin Ginsberg marks 15 years serving accounts receivable management

Fifteen years ago Kaulkin Ginsberg Company initiated and advised on the sale of Eastern Credit Association to Eastern Business Services.…

#i#interest#investment


CIT reports record Q2 new business volume

CIT Group reported net income was US$236m for the second quarter 2006, compared to US$249.1m last year (US$219.4m excluding gains…


More business failures on the horizon – Euler Hermes

A slowing economy may increase the number of small-business failures next year, announced global insurer Euler Hermes (more…)


Ex-Im Bank provides 15-year financing for solar power export...

PowerLight Corporation is the first US exporter to benefit from the new 15-year repayment terms available from Ex-Im Bank to…


Supply chain finance transactions top $13bn

Orbian, the US-based supply chain finance group, has processed over $13bn in transactions (more…)


CIT Group set to strengthen position say analysts

CIT Group is expected to report earnings of $1.16 a share, up from $1.03 reported in the year-ago period, according…

#CIT#international#leasing


HC in confidential working capital deal

Hennessey Capital (HC), a US-based working capital provider, has provided a confidential funding package to an IT consultant (more…)


Factor turns to revolving credit line for funding

US factor Platinum Funding Group has received funding from JP Morgan and N M Rothschild Sons for an undisclosed amount…


Factoring facility for IT provider

Primary Funding Corporation, the receivables finance house, is providing a new factoring facility to a national IT service provider (more…)


Textron snaps up Electrolux inventory finance unit

The distribution finance group of Textron Financial Corporation has acquired Electrolux's inventory finance business (more…)

BoA provides US$65m letter of credit to pet supplier

PetSmart Inc, the supplier of pet-related products in the US and Canada, has entered into a $65m letter of credit…

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