CitiCapital has announced the formation of a new business group, Citi Commercial Asset Based Finance. The new unit will provide secured commercial loans nationally to companies requiring US$5m to US$100m in financing.
CIT Small Business Lending Corporation, the nation's No.
Demand for key account and single buyer business credit insurance coverage is on the rise according to industry experts.
Frost Capital Group, a division of Cullen/Frost Bankers, Inc., a financial holding company headquartered in San Antonio, have set up an asset-based lending agreement with Electric & Gas Technology, Inc.
First M&F Corp.
CIT Group Inc. said yesterday that its profit jumped 31 per cent in the fourth quarter, as improvements at its capital finance and commercial finance units drove results.
Texas United Bancshares, Inc. through its banking subsidiary, State Bank, has announced the formation of a participation programme to provide independent Texas banks with the opportunity to expand their commercial loan product lines.
Tower Automotive announced it has obtained a US$50m accounts receivable securitization facility through GE Commercial Finance.
GE Commercial Finance Technology Lending, a unit of Global Media & Communications, announced that it has named Ryan Franco as senior vice president, origination.
State Financial Services Corporation, a bank holding company, announced that it has entered into an Agreement to acquire 80% of m2 Lease Funds LLC ("M2 Lease Funds").
