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Firm folds under factoring agreement when ES Bankest forced...

What started as a helping hand has strangled a struggling local tech firm. Chantilly-based Stratesec abruptly shut its doors because of ongoing troubles with its majority shareholder and primary source of funding, according to documents filed 16 September with the...

#bank#cash-flow#international

EquiFin secures capital for growth

EquiFin, Inc, a commercial finance company which provides structured credit to small- and mid-size business enterprises (SMEs), announced yesterday (23…


Suppliers of Factory 2-U struggle to obtain credit from...

Some of Factory 2-U's suppliers are getting frayed nerves as it becomes tougher for them to obtain credit for deliveries…

#Two


National Federation of Independent Business small business indicators soar

The National Federation of Independent Business (NFIB) monthly index of small business economic indicators jumped 4.1 points last month to…


George Bush’s support for SMEs

Small businesses are a key to upward mobility, particularly for women and minorities, US President George Bush said in his…


Bridge Bank expands to downtown San Jose

Bridge Bank, N.A., a full-service business bank, said today it is expanding with a new office at 55 Almaden Boulevard…


Merrill Lynch Global Asset-Based Finance in new Medallion credit...

Medallion Financial Corp, a commercial finance company and owner of the largest taxicab rooftop advertising company in the world, announced…

#asset based finance#commercial finance#funding


Agencies ignoring small-business impact

Many federal agencies still are not complying with an executive order issued a year ago by President Bush directing them…

#compliance#small business#small businesses


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

CIT Group Inc. (CIT) announced today that its Commercial Services business unit has acquired a substantial portion of the US…


Bush proclaims Small Business Week and confirms his administrations...

“The success of small businesses in America reflects the innovation, determination, and hard work of the American people. During Small…


Banker seeks answers as factor collapses

In the world of banking, relationships are often based on trust, admiration and respect. Victor C. Balestra, president and chief…


PNC Bank earns US Export-Import Bank designation

PNC Bank, N.A., a member of The PNC Financial Services Group, Inc. has been designated by the Export-Import Bank of…

#bank#bank loan#exporters

NaviTrade adds banker to enhance exporting

NaviTrade Structured Finance of Colorado, announced the addition of former Bank One International Corp. president Darin Narayana to its team…

#bank#international#receivables

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