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CIT Group Inc. announced today that its Commercial Services business unit has acquired a substantial portion of the U.S. factoring assets of GE Commercial Services, a division of GE Corporate Financial Services, totalling approximately $446 million. Terms of the deal...
Century Business Credit Corporation, one of the largest bank-owned factoring companies in the world, has changed its name to Wells…
Miami-based factoring company E.S. Bankest collapsed this month with debts of at least $170 million, leaving creditors and clients asking,…
The Bank of New York Company, Inc. (BNY) and General Motors Acceptance Corporation (GMAC) have agreed to a settlement regarding…
#bank#SEC
What started as a helping hand has strangled a struggling local tech firm. Chantilly-based Stratesec abruptly shut its doors because…
#bank#cash-flow#international
EquiFin, Inc, a commercial finance company which provides structured credit to small- and mid-size business enterprises (SMEs), announced yesterday (23…
Some of Factory 2-U's suppliers are getting frayed nerves as it becomes tougher for them to obtain credit for deliveries…
#Two
The National Federation of Independent Business (NFIB) monthly index of small business economic indicators jumped 4.1 points last month to…
Small businesses are a key to upward mobility, particularly for women and minorities, US President George Bush said in his…
Bridge Bank, N.A., a full-service business bank, said today it is expanding with a new office at 55 Almaden Boulevard…
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
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 Group Inc. (CIT) announced today that its Commercial Services business unit has acquired a substantial portion of the US…