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GMAC renews syndicated bank facilities

General Motors Acceptance Corp. (GMAC), the financial arm of automaker General Motors Corp., has renewed two syndicated bank facilities totalling more than (more…)

Wells Fargo factoring division names new BDO

Wells Fargo Company has named a new vice president of business development for Wells Fargo Business Credit's Factoring division, responsible…

#commercial finance#factoring industry#funding


LSQ receivables finance package sets company on road to...

LSQ Funding recently provided a US$500,000 accounts receivable line of credit to a 30-year-old packaging company (more…)

#bankruptcy#cash-flow#funding


Drop in bankruptcy filings sends ARM industry indicator to...

The Kaulkin Ginsberg Index (KGI), the leading indicator of economic conditions affecting the accounts receivable management (ARM) industry, surpassed its…

#bankruptcy#management#receivables


GMAC CF provides US$10m credit facility to Interbath

The asset based lending division of GMAC Commercial Finance (GMAC CF) announced the funding of a US$10 million senior secured…

#commercial finance#funding#working capital


Illinois Global Partnership becomes Ex-Im Bank City-State Partner

Illinois small businesses will have an edge in selling their products and services in global markets due to a new…

#bank#guarantees#international


Cal Oaks adds factoring and SBA lending to portfolio

California Oaks State Bank has added Small Business Administration (SBA) lending and accounts receivable financing as two additional features (more…)


ISM: US manufacturing sector slows in May

Economic activity in the manufacturing sector grew in May for the 36th consecutive month, while the overall economy (more…)

#economy#management#WHO


New Ex-Im Bank online service

US companies competing in the global marketplace now have a new way to obtain multi-buyer export credit insurance from the…

#bank#export credit insurance#exporters


Fleet One Factoring names president

Fleet One LLC has hired a new president of Fleet One Factoring, a provider of custom accounts receivable financing programmes.…

#banks#SunTrust#Vice president


CIT Group makes middle market appointments

CIT Group has stepped up its middle market offering with four key hires (more…)


Capital Factors appoints executive VP

Charged with expanding the company's market presence and spearheading growth in the Northeast (more…)

#Vice president

Aquatech International wins export contracts, working capital loan boost

Aquatech International Corporation, a Canonsburg, Pa., maker of cutting-edge water purification equipment, has won a number of major export contracts…

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