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CIT Group Inc., a leading provider of commercial and consumer finance solutions and SunTrust Banks, Inc. announced that CIT has acquired substantially all of the factoring assets of Receivables Capital Management (RCM), a division of SunTrust. The acquired gross receivables...
#bank#CIT#commercial finance
CapitalSource announced that it has provided a US$95m revolving credit facility to SETECH, an integrated supply and inventory management services…
#management#working capital
Trinsic, Inc., a leading provider of enhanced circuit-switched and IP (Internet protocol) telephony services has entered into an accounts receivable…
Tideline Capital, a company that provides outsourced vendor financing services for the software industry has secured US$105m and closed the…
#bank#capital requirements#receivables
Perry Capital LLC, an investment management firm with approximately US$11bn under management has reached agreement to acquire the business and…
#bank#commercial finance#international
R.G. Barry Corporation has entered into a new US$35m committed asset-based lending agreement (ABL facility) with CIT Commercial Services, a…
The Board of Directors of GE has approved the appointment of Tom M. Quindlen, as vice president and chief marketing…
#commercial finance#leasing#Vice president
One of the country’s largest financial service providers, Cleveland-based National City Corp., is opening its first corporate banking office in…
#commercial lending#international#leasing
Marquette Financial Cos. announced that it has partnered with three Chicago lenders to form a leveraged lending firm that will…
GE Capital, a unit of General Electric Co., has withdrawn a US$2bn loan facility for General Motors Corp. and its…
I/OMagic Corporation, a provider of data storage and digital entertainment products, announced that it has obtained a US$10 million credit…
#bank#commercial finance#digital
Roger Bosma, president and chief executive officer of Lakeland Bank is pleased to announce that the bank has established within…
#bank#commercial finance#management
Wachovia announced the formal joining together of Congress Financial Corporation and Wachovia's asset based lending business to form Wachovia Capital…
#Bill#i#leadership