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A view of asset-based lending as only Leonard Machlis...

One of the events of this year that we should remember is the retirement of Leonard Machlis after 38 years as the executive director of the Commercial Finance Association. The CFA is the trade association of the asset-based lending industry...

Major factor to offer credit protection services on the...

GE Commercial Services to provide a credit protection facility for trade transactions GE Commercial Services, a unit of GE Commercial…

#commercial finance#international#International Trade


Fed keeps short-term interest rates steady

The Federal Reserve decided to keep short-term interest rates unchanged yesterday, in something of an anticlimax to recent dramatic developments…


USA bankruptcy filings hit historic high

The number of bankruptcy filings in the federal courts in Fiscal Year (FY) 2002 broke records again, and with no…


Fleet Capital provides US$100 million asset-based credit facility to...

Fleet Capital Corporation, one of the United States's largest asset-based lenders, announced today that it served as agent for a…

#capital requirements#liquidity#working capital


Fed set to hold interest rates after White House...

Federal Reserve policymakers are expected to hold interest rates at a 41-year low when they meet tomorrow following the sudden…


SME manufacturers bullish on 2003 economy; their financing requirements...

The majority of SME manufacturers’ chief financial officers (CFOs) anticipate revenue growth for their companies according to a recent survey.…

#economy#interest rate#management


GE Commercial Finance completes acquisition of structured finance business

GE Commercial Finance announced it has completed its acquisition of the structured finance business of ABB. ABB and GE Commercial…

#acquisition#commercial finance#financial services


Transamerica signs US$30 million asset-based finance facility

Zones, Inc. (Nasdaq:ZONS), a single-source direct marketing reseller of name-brand information technology products, announced today that it has refinanced its…

#financial services#i#IBM


CapitalSource forms Finance Division for SMEs in media and...

CapitalSource, a leading commercial finance firm headquartered in Chevy Chase, Md., announced today the formation of a new division focusing…

#commercial finance#funding#smes


US economy hits 4% growth in third quarter

The US economy grew faster in the third quarter than first reported, and consumer confidence rose from a nine-month low…


Sterling Bancorp announces healthy increase in its effective annual...

Sterling Bancorp (NYSE: STL), parent company of Sterling National Bank, today announced that its Board of Directors declared a 20%…

#bank#financial services#international

EquiFin reports Q3 2002 and nine month financial results

EquiFin, Inc. (AMEX:II AND II,WS), today reported third quarter and nine-month results for the period ended September 30, 2002. EquiFin,…

#AMEX#compliance

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