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Asset Based Lending of Healthcare

It can be a fair bet that financial models adopted in the USA eventually make their way to the rest of the world in one form or another. For factors, the key is to pick the right industry sectors to...

#commercial finance#conference#invoice

Braving the Storm

The Commercial Finance Association’s 57th Annual Convention and Exposition, San Francisco, October 24th-26th. The USA is, in many ways, the…


Exhibitors Bank on CFA Convention

A high turnout marks business support for the Commercial Finance Association The 57th Annual CFA Convention has continued to enjoy…

#bank#commercial finance#Deutsche Bank


CEO of GMAC Commercial Credit Dismissed

Mr. Joe Grimaldi, the chief executive officer of the USA’s second largest factoring company, GMAC Commercial Credit, has been dismissed…


Asta Funding Projects 40% Earnings Growth for 2001

Asta Funding Inc, a leading consumer receivables asset management and liquidation company which also factors commercial receivables, today announced that…

#asset management#funding#management


Factoring Expected to Lead KBK Back to Profitability After...

KBK Capital Corporation, which provides financial services to middle-market businesses, today reported its operating results for the third quarter and…


Asta Funding, Inc.'s Board Authorizes Stock Repurchase Program

Asta Funding, Inc, the New Jersey-based financial services company, announced today that its board of directors has authorized the repurchase…


Man Sentenced for Selling Accounts Receivable of Fictitious Company

O’Rane Cornish, former controller of 6C/Dahcor Industries Inc, a Tennessee corporation, was sentenced for swindling two companies out of nearly…

#MAN#Two#WHO


CIT Group Accused of Running a Factors’ Monopoly

Donald Wiener, who runs the dress chain Dresses For Less, is suing CIT Group and other accomplices, accusing them of…

#3M#banks#CIT


Berkshire Hathaway Drops Finova Offer

Warren Buffet’s Berkshire Hathaway Inc dropped its offer for $500m in notes from Finova Group Inc. Berkshire could end the…


CIT Renamed Tyco Capital

Tyco International Ltd. announced that its financial services group, CIT, which includes CIT Commercial Services, the largest factoring company in…


North American Factors “Drowning in a Sea of Credit...

An informed source in Canada was speaking to a colleague in an undisclosed Canadian factoring company owned by a major…

#bank#BCR Publishing#business finance

Banks Limit Lending to High-Tech Firms

The latest Federal Reserve report of loans made by banks reveals they are not nearly as keen as they once…

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