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Freight bill factor files Chapter 7

A Denver transportation company was forced into Chapter 7 bankruptcy liquidation on 14 February according to US Bankruptcy Court filings. Allied Carriers Exchange Inc., the factoring company that bought freight bills from freight carriers, owes four creditors a little more...

#3M#bankruptcy#Bill

Kaulkin Ginsberg report the second busiest year in accounts...

Kaulkin Ginsberg today announced that with 55 deals completed in 2002, the year was the second busiest ever in Accounts…


Alliance Entertainment Corp. extends US$135m asset-based credit revolver

Alliance Entertainment Corp. today announced that it has extended the term of its Revolving Credit Facility with GE Commercial Finance…

#BPM#commercial finance#management


Fleet Capital announce US$15m asset-based finance deal

Measurement Specialties (Amex: MSS) announced today that on Friday, 31 January 2003, the Company has entered into a three-year US$15…

#AMEX#management#security


Credit Suisse executive joins Schneider’s finance arm

Schneider National Inc., a Green Bay-based trucking firm, has hired Richard Palmieri as president of its financial services division. Palmieri…

#commercial finance#commercial financing#Credit Suisse


John Canning recognised as one of top 25 most...

CIT Small Business Lending (SBL) Corporation, a New Jersey-based subsidiary of CIT Group Inc., (NYSE: CIT), and the nation's number…

#bank#CIT#leadership


Kaulkin Ginsberg announces new accounts receivable customer relationship management...

Kaulkin Ginsberg, the leading source of advice, information and expertise for the accounts receivable/customer relationship management industry, announced today the…


Bank specialising in serving SMEs to list on Nasdaq

Bridge Bank, Santa Clara County's newest full-service business bank today announced that it has been approved to list its securities…


Factoring activities contribute to Sterling Bancorp’s increase in profit

Sterling Bancorp, in its announcement of company figures for year ended 31 December 2002, attributed its increase in non-interest income…


Finance business, GMAC, shines as General Motors unveils Q4...

"General Motors Acceptance Corporation, or GMAC, achieved its eighth-consecutive year of earnings growth and fourth straight year of record earnings…


Strong performance from commercial finance arm helps fuel GE...

GE achieved a record $15.1 billion in earnings in 2002, a 7% increase over 2001, and, excluding progress collections, generated…

#commercial finance#economy#i


Speciality lenders expect another hot year in asset based...

Asset-based lenders expect loan demand to remain strong in 2003, after a year that saw business surge as corporate borrowers…

#bank#commercial lending#management

Sun Capital HealthCare provides factoring service to former NCFE...

Sun Capital HealthCare, Inc. (SCH), a privately-held leading national financial services provider for the health care industry, entered into a…

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