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Miami-based factoring company E.S. Bankest collapsed this month with debts of at least $170 million, leaving creditors and clients asking, "Where did the money go, and who was keeping an eye on it?" In E.S. Bankest's case, that classic question...
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…
“The success of small businesses in America reflects the innovation, determination, and hard work of the American people. During Small…
In the world of banking, relationships are often based on trust, admiration and respect. Victor C. Balestra, president and chief…