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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 facility from GMAC Commercial Finance. The new credit facility, which expires in March 2008, offers the company increased borrowing capacity...

#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…


Leadership change in the asset-based lending arm in Bank...

Bank of America announced a change in leadership in Bank of America Business Capital, the asset-based lending arm of its…

#bank#commercial finance#conference


Bibby Financial opens St. Louis office

Bibby Financial Services expanded to St. Louis, setting up its fourth US office. The company, a subsidiary of England's Bibby…


Hal Marshall-Led Group launches factoring company for truckers

An accomplished group of trucking industry veterans announced the formation of Advance Business Capital, the first and only freight bill…

#Bill#financial services#innovation


De Lage Landen Financial Services appoints Jeff Enoch VP-...

De Lage Landen Financial Services, a leading international provider of high quality asset-based finance products to manufacturers and distributors of…

US Bank introduces “fees paid” SBA loan programme

US Bank has introduced a new "fees paid" SBA loan for small business customers utilizing the flagship 7(a) guaranteed loan…

#bank#financial services#small business

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