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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…


Fed continues tightening campaign

As widely expected, the Federal Reserve raised a key interest rate for the 17th consecutive time, hiking its target for…

#economy#inflation#interest rate


Bibby drives forward transport factoring plans

Bibby is in the advanced stages of developing a service tailored to transport factoring (more…)

#commercial finance#purchase order#purchase order finance


Merrill Lynch provides movie studio with US$80m asset-based facility

The asset-based facility relies on the studio's accounts receivable, library of film titles and future ultimates of the company's upcoming…


Arizona small business international sales get competitive edge with...

Arizona Instrument LLC, a manufacturer of precision moisture analyzers and toxic gas detectors (more…)

#bank#exporters#international


Defendants ordered to pay US$70m for role in factoring...

A US District Court in California has issued a final judgment against a group of con men charged with running…


GMAC Commercial Finance adds industry veterans to commercial services...

GMAC Commercial Finance (GMAC CF) announced that lending industry veterans (more…)


Bridge Finance Group appoints director, opens Atlanta office

Bridge Finance Group announced the appointment of its director of the company's Atlanta office (more…)


Principal Resources adds business credit unit, changes name

Entering its tenth year of providing solutions to businesses with working capital needs, Principal Resources, LLC is expanding its offerings and…

#funding#management#trade


Interface Financial looks south for new business

Interface Financial, a 33-year-old company with over 140 offices throughout the United States and Canada, provides working capital or cash…

#alternative financing#i#small business

Supply finance group reveals new CIO

Prime Revenue, the supply chain finance provider, has appointed William H. MacPhail to the position of chief information officer (CIO)…

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