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Whether Kmart Corp. should have paid several suppliers in the days after its bankruptcy filing has fuelled a legal fight between the retailer and one of its creditors. This week, a U.S. District Court judge in Chicago sided with creditor...
#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
Kaulkin Ginsberg, a leading provider of advisory services to service businesses including accounts receivables management (ARM) organisations, announced today that…
#acquisition#international#management
Financial services giant Wells Fargo & Co. increased its presencein Philadelphia recently when one of its subsidiaries bought most of…
EquiFin, Inc, has announced the signing of a non-binding letter of intent to acquire Celtic Capital Corporation, a privately held…
A recent survey by Greenwich Associates, a Connecticut institutional financial services consulting and research firm, indicates 18.8 per cent of…
Underwriter Euler American Credit Indemnity has notified policyholders it will no longer insure their accounts receivable on business done with…
#insurance#receivables#risk
Candie's, Inc. (NASDAQ:CAND) today announced that its wholly owned subsidiary, Unzipped Apparel, LLC, which manufactures and sells Bongo jeanswear, signed…