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Sterling Bancorp announces record results for third quarter of...

Sterling Bancorp (Sterling), a financial holding company and the parent company of Sterling National Bank, has reported record results for the third quarter and the nine months ended September 30, 2003. Net income increased 10.3% compared to the third quarter...

#bank#interest rate#leasing

US Ex-Im Bank committed to expand Trade Finance for...

Export-Import Bank of the United States (Ex-Im Bank) president and chairman Philip Merrill provided a positive assessment of Eastern Europe's…

#bank#exports#guarantees


Small Business Administration programme to lure more minorities

The Small Business Administration (SBA) has entered into agreements with a pair of minority business groups to try to increase…


Bill promotes small business loan securitisation

Senator Olympia Snowe introduced legislation that authorizes the Small Business Administration (SBA) to establish a three-year pilot programme that will…


Small Business Administration disaster loans available to some farm-related...

Federal disaster loans are available to small, non-farm, agriculture-dependent businesses in seven Minnesota counties hit by drought this summer, the…

#interest#interest rate#small business


Questions are being asked about MX Factors of California

A Riverside, California, based financing firm that has raised more than $21 million in investments has operated without a state…

#international#international factoring#International Factoring Association


Medallion granted Bank Charter approval

Medallion Financial Corp, a speciality commercial finance company with a leading position servicing the taxicab industry and small business commercial…


Commercial lenders predict the economy will improve during first...

Commercial lenders across the nation believe the economy will continue to slowly improve during the first half of 2004, but…

#commercial finance#management#small businesses


Capital Factors allege misrepresentation of Cosmopolitan Gem Corp’s account...

Jewellery-store chain Friedman's Inc. said Thursday (2 October)the U.S. Justice Department is investigating a dispute over accounts receivable. Nearly three…

#account receivables#receivables


CIT Commercial Services acquires US factoring assets from GE...

CIT Group Inc. announced today that its Commercial Services business unit has acquired a substantial portion of the U.S. factoring…


Bank-owned factoring subsidiary integrates with parent

Century Business Credit Corporation, one of the largest bank-owned factoring companies in the world, has changed its name to Wells…


Factor collapses after investing in major clients

Miami-based factoring company E.S. Bankest collapsed this month with debts of at least $170 million, leaving creditors and clients asking,…

Bank of New York and GMAC agree on settlement

The Bank of New York Company, Inc. (BNY) and General Motors Acceptance Corporation (GMAC) have agreed to a settlement regarding…

#bank#SEC

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