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GMAC Commercial Finance has approved a new US$45 million factoring facility for leading private label and private brand casual apparel group, Tarrant Apparel. Upon closing, this facility will replace the company's existing US$90 million revolving credit facility. The new US$45...
#capital requirements#commercial finance#management
CIT Group Inc. reported net income of $176.6 million for the second quarter, an increase from $136.9 million. Diluted earnings…
The former president of a computing company pleaded guilty yesterday to his role in a US$170 million scheme to defraud…
#bank#factoring fraud#MAN
Sterling Bancorp, the US finance house and parent company of Sterling National Bank, has reported a 14.7 per cent increase…
Atradius has announced the expansion of its worldwide collection activities through the acquisition in the US of Chicago-based International Collections…
Bridge Bank, a market leader among independent banks in sales of the US Small Business Administration (SBA) loans in Northern…
#bank#cash management#management
GE Commercial Distribution Finance (GECDF), the supplier finance unit of GE Capital, has agreed to expand the distribution finance facility…
The Singing Machine Company, a maker of consumer-oriented karaoke machines in the US, has said it will look to selling…
#capital requirements#management#receivables
Hairmax International, a beauty products group, is seeking to partner or invest with a company that provides financial services to…
Assurant Group companies have agreed to return about $6.5 million for charging what Maryland's insurance commissioner calls excessive rates for…
#compliance#insurance#Paid
Three pastors and a church employee have joined a growing list of inland investors looking to the courts to recoup…
Approximately 110 public companies will file for bankruptcy in 2004, substantially fewer than in any of the past six years,…
#bonds#interest rates#international
The risk of bad debt is an inevitable fact of business life; however, the impact of a major irrecoverable loss,…
#Atradius#insolvency#invoice