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Boston Financial opens debt-management unit

Factoring company, Boston Financial Corp., yesterday unveiled a new unit, Boston Financial Solutions LLC. The new venture will focus on debt management, negotiating with a client-company's suppliers and other creditors to reduce what that company owes. Frank Saia, managing director...

#management

US Bank Business Credit grants $20m asset-based facility to...

US Bank Business Credit is the agent of a $20 million senior secured credit facility to Tai Foong USA, an…

#bank#cash management#management


Small businesses tap into free MBA expertise

“When, in the space of a year, the revenue growth of Ken Taylor Plumbing, a 40-year-old, one-man plumbing service in…


Weak dollar squeezes small US importers

Since hitting its lowest point in November 2000, the euro has shot up by more than 50 per cent against…

#exports#interest rates#international


Sale of receivables facilitates debt guarantee

Fitch Ratings has upgraded and removed from Rating Watch Positive Transamerica Finance Corp.'s (TFC) senior debt to 'AA-' from 'A'…


Boynton CRA director reprimanded over factored invoice

In September, Community Redevelopment Agency (CRA) executive director Doug Hutchinson signed an invoice promising US$9,000 to factoring company A/R Funding…

#funding#invoice#Paid


US Ex-Im Bank will support Iraqi reconstruction

The Export-Import Bank of the United States (Ex-Im Bank) can provide three different types of financing to support Iraqi reconstruction…


SBA suspends small-business loans

The Small Business Administration (SBA) has announced that it has suspended its main US$9.4 billion loan programme because it has…

#bank#management#small business


Textron Financial sells $402m Small Business Direct portfolio

Textron Financial, a unit of Textron Inc. today announced that it has sold substantially all of its Small Business Direct…


International Factoring Association conference 2003

The 2004 International Factoring Association (IFA) conference will be held in Miami Beach, Florida on 21 – 24 April 2004…


Lesco sells receivables, refinances bank debt, eliminates interest rate...

Lesco Inc. (Nasdaq: LSCO) has completed the restructuring of its debt. Lesco said the restructuring includes the sale, for US$58…

#bank#bank loan#conference


Factor Drops All Claims Against YP.Net's CEO; Angelo Tullo...

YP.Net™ (OTC BB: YPNT), a leading provider of Internet Yellow Pages and related services, announced today that New Horizon Capital…

#Clear#funding#i

HSBC Bank USA sells U.S. factoring assets

"HSBC's decision to exit the domestic factoring business was made as a result of our new strategic plan's emphasis on…

#bank#CIT#CIT Commercial Services

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