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CIT reports solid start to 2005

CIT Group Inc the commercial and consumer finance group reported net income of US$210.4m for the first quarter 2005, an increase from US$189.3m in Q1 2004. Diluted earnings per share were US$0.98 for the quarter, up from US$0.88 last year....

#CIT#commercial finance#leadership

Carmen Bernardis named Managing Director Bank of America Business...

Bank of America Business Capital announced that Carmen Bernardis has been named managing director of Bank of America Business Capital…


Financial group extends asset-based financing to healthcare providers

Textron Financial Corporation announced that it has begun offering asset-based financing to US healthcare providers. Textron Financial's healthcare financing leverages…

#commercial finance#receivables


CIT acquires assets of Receivables Capital Management, a division...

CIT Group Inc., a leading provider of commercial and consumer finance solutions and SunTrust Banks, Inc. announced that CIT has…

#bank#CIT#commercial finance


CapitalSource provides US$95m asset-based loan to SETECH

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 announces factoring relationship with Thermo Credit

Trinsic, Inc., a leading provider of enhanced circuit-switched and IP (Internet protocol) telephony services has entered into an accounts receivable…


Tideline Capital raises US$105m in first-ever software receivables securitisation...

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 to acquire Capital Factors and Capital Tempfunds

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 secures new financing from CIT

R.G. Barry Corporation has entered into a new US$35m committed asset-based lending agreement (ABL facility) with CIT Commercial Services, a…


GE Commercial Finance appoints new Chief Marketing Officer

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


New financial company to serve Tennessee businesses

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 partners to form Chicago lending firm

Marquette Financial Cos. announced that it has partnered with three Chicago lenders to form a leveraged lending firm that will…

GE Capital US$2bn loan for GM facility

GE Capital, a unit of General Electric Co., has withdrawn a US$2bn loan facility for General Motors Corp. and its…

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