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FBI arrests women on factoring fraud charges

Federal prosecutors say that a woman was arrested on Friday on a 15-count indictment alleging she sold fake invoices to a factoring company. Joann Hildebrandt, owner of a temporary employment agency called Action Employment, Inc., could face up to 30...

#factoring fraud#fake invoices

SBA programme to support up to US$100 million in...

US small businesses seeking to sell their products and services in foreign markets will have access to expanded financing support…

#bank#conference#exporters


Ex-Im Bank announces its first transaction in post-war Iraq

The Export-Import Bank of the United States (Ex-Im Bank) is pleased to announce that the first transaction has been approved…


Two new heads of business development for Ex-Im Bank

Two seasoned financial and banking services executives have been named to head business development at the Export-Import Bank of the…


CIT Group results 2003 show strong factoring and leasing...

CIT Group Inc. today reported net income of US$189.3 million for the quarter ended March 31, 2004. The results for…

#CIT#commercial finance#i


Michigan bank buys Manchester Commercial Finance

Manchester Commercial Finance, an Edina-based financial services provider that specialises in asset-based lending to small- and medium-sized companies (SMEs), has…


FactorHelp announces new managing director

FactorHelp announced that a 20-year veteran in the factoring and small asset-based lending (ABL) industries, Thomas G. Siska, has joined…

#commercial finance#funding#Vice president


Ex-Im Bank announces top lenders 2003

The Export-Import Bank of the United States (Ex-Im Bank) has announced its top lenders for fiscal year 2003, ranked by…


New head for Wachovia’s asset-based syndicate

Wachovia has announced that Barry Bobrow has joined the loan syndications group as managing director and head of the asset-based…


SME cash flow concerns increase as expected business growth...

According to the OPEN Small Business Network 2004 Semi-Annual Monitor from American Express, new hiring is driven largely by growth…

#American Express#cash-flow#management


Ex Reagan aide accused of $52,000 factoring fraud

A former top US Environmental Protection Agency (EPA) official was indicted yesterday on federal charges alleging she schemed to fraudulently…


Factor’s parent reports 2003 financial results

Raybor Management, Inc., a rapidly growing holding company, which includes factoring company Freedom Financial, announced financial results for the year…

GE Commercial Finance commits $30 million of debtor-in-possession financing

FiberMark Inc, a leading producer of specialty fibre-based materials, announced yesterday that it has filed voluntary petitions to reorganize under…

#bankruptcy#commercial finance#economy

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