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CIT to Provide Factoring to EcomTextile Clients

CIT Commercial Services, the largest provider of factoring services in the US, today announced a strategic alliance with EcomTextile, Inc.of Fullerton, California. EcomTextile provide electronic procurement and supply-chain services for the textile, apparel, machinery and sewn products industries. Under the...

#CIT#credit protection#e-commerce

Aceva Technologies Launch eFinance Infrastructure

Aceva Technologies today announced the launch of their first managed eFinance platform and aims to service online businesses. The new…

#trade#trade credit


Finova’s Long and Short Term Debt Ratings Downgraded

The troubled international financial services company Finova Group which last week announced that they would be selling their factoring business…

#Commercial Credit#financial services#international


Merchants Bank of California Announce Record Quarterly Earnings

Merchants Bank of California (which specializes in trade finance, factoring and ‘check cashing’) has reported record earnings for the second…

#bank#trade


CIT Team Up With TextilEdge

CIT Commercial Services, the largest provider of factoring services in the USA, today announced an arrangement with TextilEdge, a leading…

#CIT#CIT Commercial Services#credit protection


CIT Group Financial Results

The CIT Group today announced a record net income of $151.4 million for the second quarter of 2000. This represents…

#CIT


CIT Announces Alliance with E-Commerce Company, TradeOut

The USA’s largest provider of factoring services, CIT Commercial Services, have today announced an alliance with TradeOut, a global internet…

#cash-flow#CIT#CIT Commercial Services


Capital.com Find Providers in a Host of Factors

Go to www.capital.com and you will find an on-line business finance marketplace in which premier financing sources compete to provide…

#business finance#Commercial Credit#funding


New Head of Factoring Division for Heritage Bank of...

The Heritage Bank of Commerce have today announced that Sherry Crowley has been made Vice President and Business Development Officer…


CIT Commercial Services Forms Alliance with Cyber Merchants Exchange

The US’s largest provider of factoring services, CIT Commercial Services, has announced that it will form a strategic alliance with…

#CIT#CIT Commercial Services#e-commerce


Finova to Sell Commercial Service Group to GMAC

The Finova Group has today announced that it has signed an agreement to sell its commercial services business (which provides…


Rate of Growth in US Slows

The Federal Reserve’s latest survey on regional economic conditions indicates that the rate of growth in the US has slowed…

Venture Capitalists Remain Optimistic

US venture capital financing has slowed slightly in the second quarter, but still remains at record levels of about US$1bn…

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