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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 permit and has been ordered by the state Department of Corporations to stop accepting money from investors, authorities said. MX...

#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


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…

#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…

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