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Auction Broadcasting Company (ABC), a highly innovative auto auction company based in Indianapolis, announced the completion and funding of a new US$60 million credit facility. This facility, funded jointly by Comerica Bank and GMAC Commercial Finance is designed to provide...
#bank#commercial finance#financial services
Sterling National Bank, a subsidiary of Sterling Bancorp, announced that it is extending its business presence in the southeastern United…
The Overseas Private Investment Corporation (OPIC) and the African Trade Insurance Agency (ATI), a World Bank and pan-African state-supported Export…
#bank#emerging markets#exporters
Zurich North America's Emerging Markets Solutions unit (ZEMS) has announced the signing of a political risk insurance cooperation agreement with…
#bank#emerging markets#international
DrugMax, Inc. has announced that the company has secured a three-year, US$40m credit facility with Congress Financial Corp., a subsidiary…
Two familiar faces in the Houston financial services industry have formed Briar Capital LP., which focuses on small- and medium-sized…
#bank#financial services#receivables financing
Whether Kmart Corp. should have paid several suppliers in the days after its bankruptcy filing has fuelled a legal fight…
#bankruptcy#Paid
Fingerhut Direct announced today that it has negotiated a $100 million senior secured line of credit comprised of a revolving…
#acquisition#CIT#receivables
The protracted economic downturn and uncertainty over war in Iraq took a toll on lenders' attitudes last quarter, with most…
#bank#commercial finance#interest rates
To read the full article giving details of programmes including loans, working capital guarantees and risk insurance, go to Article…
#bank#exporters#guarantees
Securing export financing is difficult for most businesses but particularly for small companies. Several federal financial programs exist for U.S.…
Lenders painted a less than rosy picture of the Florida lending market at the Florida Chapter Turnaround Management Association's meeting.…
#CIT#CIT Commercial Services#liquidity
Miami based Gulf Bank has been under a cease and desist order from the Federal Reserve and the Florida Department…
#bank#interest rates#international