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Poor jobs news and weak economic growth hopes balanced...

The feeble job growth in the government's February employment report surprised economists and made the markets shudder, but the prospect of continued low interest rates softened the blow on Wall Street. Stocks have surged as companies enjoy the increased borrowing...

#exporters#interest rates#management

President of factoring company seeks reversal of court order...

The president of MX Factors, the Riverside-based firm accused of operating a Ponzi scheme, is seeking to overturn the court…


Ex-Im bank approves US$60 million credit for Mexican utility

The Export-Import Bank of the United States (Ex-Im Bank) approved a US$60 million credit guarantee facility to back the purchase…


Acquisition of factor extends First National's lending presence to...

First Community Bancorp today announced that it completed its previously announced acquisition of First Community Financial Corp., or FC Financial,…


New factor and asset-based financier posts profit

Greenfield Commercial Credit (Canada) Inc. is pleased to announce that after only 7 months of full operations as a specialty…


Bridge Bank expands Capital Finance Group

Daniel P. Myers, president and chief executive officer of Bridge Bank, National Association, has announced that Scott Chamberlin, a 12-year…

#bank#Bank of America#financial services


Insurance Company Enters US Credit Insurance Market

Building on 10 years of steady growth in North America, Coface Holding Company, N.A., a unit of Coface Group, today…


MarineMax expands asset-based credit facility

MarineMax, Inc., the nation's largest recreational boat retailer, has announced the expansion and extension of a $280 million credit facility.…

#bank#Bank of America#commercial finance


The Singing Machine Company in new credit agreement with...

The Singing Machine Company has announced that it has entered into a new credit agreement with Milberg Factors, Inc., New…


First Community Bancorp announces agreement to acquire Phoenix-based commercial...

First Community Bancorp today announced the signing of a definitive agreement to acquire, for US$40 million in cash, all of…


SME business loan demand rise, a sign of growing...

A survey by the US Federal Reserve (The Fed) reveals that a net 22% of US banks saw increased loan…

#banks#receivables#small business


Factoring in the US, EIU report

Factoring slumped 20% to a volume of US$115bn in the US in 2002 compared to the previous twelve months, according…

Ex-Im Bank’s 2005 budget

President Bush's fiscal year 2005 budget request for the Export-Import Bank of the United States (Ex-Im Bank), which the Administration…

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