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GE Capital, a unit of General Electric Co., has withdrawn a US$2bn loan facility for General Motors Corp. and its suppliers days after credit rating agencies warned that the carmaker could be downgraded to junk bond status. GM, which lowered...
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
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, Inc. yesterday announced that it has sold its factoring company, Equinox Factors, to Coast Capital Partners. The transaction will…
#interest#management#Two
CIT announced the appointment of Walter J. Owens as executive vice president, chief sales and marketing officer. In this newly…
#assignment#CIT#commercial finance
XRG Inc., a provider of a wide range of truckload freight services in the US, has announced that it had…
#bank#cash-flow#funding
Jan Allen Ackley of Mason has been named vice president in the asset-based lending group at KeyBank in Cincinnati. Ackley…
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 Services expanded to St. Louis, setting up its fourth US office. The company, a subsidiary of England's Bibby…
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, a leading international provider of high quality asset-based finance products to manufacturers and distributors of…