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GE Capital Commercial Services Offers Factoring Facility to 3DO

GE Capital Commercial Services, a leading provider of financing solutions for primarily non-investment grade companies, has sent a commitment letter to 3DO offering a factoring facility up to US$15.0 million with a two-year term. 3DO Company, a producer of consol...

#commercial finance#financial services#insurance

US Funding Corporation Denies Charge of Defrauding Investors

US Funding Corporation, a factoring company based in Hackensack, New Jersey, defended itself on Tuesday against accusations of fraud made…

#funding#SEC#trade


Asta Funding Records Revenue and EPS Increases for the...

Asta Funding, Inc., a leading consumer receivables asset management and liquidation company, today reported both revenue and net income gains…


Asta Funding to Announce Second Quarter 2002 Results

Asta Funding, Inc., a leading consumer receivables asset management and liquidation company, announced that it will release its financial results…

#conference#funding#international


CIT Employees’ Options at Risk.

The New York Times reported this week that several thousand workers for CIT would forfeit any unvested options as soon…

#CIT#CIT Commercial Services#Commerzbank


Tyco Plans 100% Public Offering of CIT Group

Having failed to find a suitable buyer, Tyco International Ltd., intends to sell 100% of CIT Group, in an initial…

#CIT#CIT Commercial Services#international


American Community Bancshares Inc. Announces Results for Latest Quarter

29 April 2002: American Community Bancshares Inc. Announces Results for Latest Quarter American Community Bancshares Inc., the holding company for…


CIT Reports Second Fiscal Quarter Results

CIT Group Inc., a subsidiary of Tyco International Ltd. and parent of CIT Commercial Services, today announced second fiscal quarter…


Capital Factors’ Parent Company Reports Increased Earnings.

Union Planters, the 28th largest bank holding company in the United States, with assets in excess of US$30 billion, today…

#bank#cash management#management


KBK Capital Announce Factoring Clients Represent 80% of New...

The Fort Worth, Texas, based KBK Capital Corporation, which provides business credit to middle-market companies, has reported its operating results…

#interest#Produce#receivables


Setback for US Service Sector

US service-sector activity suffered a minor setback last month but is still close to a 15-month high. The Institute for…

#i#management#Two


CIT Files Registration Statement for Distribution of CIT Shares...

Tyco International Ltd. today announced that its financial services subsidiary, CIT Group Inc., filed a registration statement on Form 10…

Asta Funding Announces New Strategic Alliance

Asta Funding, Inc, a leading factor and consumer receivables asset management and liquidation company, today announced that it has formed…

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