Financial group extends asset-based financing to healthcare providers
Textron Financial Corporation announced that it has begun offering asset-based financing to US healthcare providers.
Textron Financial Corporation announced that it has begun offering asset-based financing to US healthcare providers.
CIT Group Inc., a leading provider of commercial and consumer finance solutions and SunTrust Banks, Inc. announced that CIT has acquired substantially all of the factoring assets of Receivables Capital Management (RCM), a division of SunTrust.
CapitalSource announced that it has provided a US$95m revolving credit facility to SETECH, an integrated supply and inventory management services provider to manufacturers in diverse industries.
Trinsic, Inc., a leading provider of enhanced circuit-switched and IP (Internet protocol) telephony services has entered into an accounts receivable financing facility with Thermo Credit LLC ("Thermo").
Tideline Capital, a company that provides outsourced vendor financing services for the software industry has secured US$105m and closed the first ever software receivables securitisation facility.
Perry Capital LLC, an investment management firm with approximately US$11bn under management has reached agreement to acquire the business and assets of Capital Factors, Inc. and Capital Tempfunds, Inc.
R.G. Barry Corporation has entered into a new US$35m committed asset-based lending agreement (ABL facility) with CIT Commercial Services, a unit of CIT Group Inc.
The Board of Directors of GE has approved the appointment of Tom M. Quindlen, as vice president and chief marketing officer of GE Commercial Finance.
One of the country’s largest financial service providers, Cleveland-based National City Corp., is opening its first corporate banking office in Tennessee.
Marquette Financial Cos. announced that it has partnered with three Chicago lenders to form a leveraged lending firm that will target lower middle-market companies.
MFC Capital Funding will be based in Chicago.