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DrugMax, Inc. has announced that the company has secured a three-year, US$40m credit facility with Congress Financial Corp., a subsidiary of Wachovia Bank, NA. The new credit facility replaces the US$23m asset-based line of credit the Company had with LaSalle...
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
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…