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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 unit of CIT Group Inc. The two-year facility replaces a discretionary factoring and financing arrangement with CIT that was scheduled...

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GE Capital, a unit of General Electric Co., has withdrawn a US$2bn loan facility for General Motors Corp.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


GMAC Commercial Finance and I/OMagic close credit facility

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


Lakeland Bank establishes asset-based lending department

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 realigns Asset Based Lending Business and names new...

Wachovia announced the formal joining together of Congress Financial Corporation and Wachovia's asset based lending business to form Wachovia Capital…

#Bill#i#leadership


Commercial banks increase share of small business lending –...

Lending by the most important institutional supplier of credit to small firms, commercial banks, increased in 2002-2003, according to a…

#bank#banks#small business


EquiFin sells factoring company

EquiFin, Inc. yesterday announced that it has sold its factoring company, Equinox Factors, to Coast Capital Partners. The transaction will…

#interest#management#Two


CIT names group-wide EVP, Chief Sales Officer

CIT announced the appointment of Walter J. Owens as executive vice president, chief sales and marketing officer. In this newly…

#assignment#CIT#commercial finance


Florida asset-based financier approves US$10m cash flow funding for...

XRG Inc., a provider of a wide range of truckload freight services in the US, has announced that it had…

#bank#cash-flow#funding

Asset-based lending group at KeyBank announces a new Vice...

Jan Allen Ackley of Mason has been named vice president in the asset-based lending group at KeyBank in Cincinnati. Ackley…

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