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CitiCapital launches asset-based finance unit to target SMEs

CitiCapital has announced the formation of a new business group, Citi Commercial Asset Based Finance. The new unit will provide secured commercial loans nationally to companies requiring US$5m to US$100m in financing. CitiCapital is part of the Commercial Business Group,...

CIT's Preferred Lender status renewed and expanded by US...

CIT Small Business Lending Corporation, the nation's No. 1 Small Business Administration (SBA) lender for the last five years and…


Demand for key account and single buyer business credit...

Demand for key account and single buyer business credit insurance coverage is on the rise according to industry experts. This…


Texas factor signs new asset-based loan agreement for energy...

Frost Capital Group, a division of Cullen/Frost Bankers, Inc., a financial holding company headquartered in San Antonio, have set up…


First M&F Corp. reports improved earnings in 2004 despite...

First M&F Corp. reported today that net income for the quarter ended December 31, 2004 was US$2.640 million, or US$.58…


CIT Group's profit jumps on unit gains

CIT Group Inc. said yesterday that its profit jumped 31 per cent in the fourth quarter, as improvements at its…


Factoring programme introduced for independent Texas banks

Texas United Bancshares, Inc. through its banking subsidiary, State Bank, has announced the formation of a participation programme to provide…


Tower Automotive obtains US$50m accounts receivable securitization facility

Tower Automotive announced it has obtained a US$50m accounts receivable securitization facility through GE Commercial Finance. The facility, which closed…


GE Commercial Finance Technology Lending names Ryan Franco as...

GE Commercial Finance Technology Lending, a unit of Global Media & Communications, announced that it has named Ryan Franco as…

#commercial finance#ING#management


State Financial Services Corporation announces agreement to acquire 80%...

State Financial Services Corporation, a bank holding company, announced that it has entered into an Agreement to acquire 80% of…


CIT to acquire Education Lending Group for US$19.05 per...

CIT Group Inc., a leading provider of commercial and consumer finance solutions, announced that it has signed a definitive agreement…

#bank#CIT#JPMorgan


Small Businesses to obtain larger working capital loans

US small business exporters are obtaining larger working capital loans under the new co-guarantee agreement of the Export-Import Bank of…

#bank#exporters#exports

New Ex-Im Bank/SBA guarantee agreement means larger working capital...

US small business exporters are obtaining larger working capital loans under the new co-guarantee agreement of the Export-Import Bank of…

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