USA

Exim Bank of the United States (Exim Bank) has offered Rs. 4,000-Rs. 5,000 crores as loan assistance to the State Government for execution of irrigation projects.

Wells Fargo Business Credit’s factoring division has named Amy Cartwright as business development officer. Cartwright will provide an accounts receivable purchase programme to middle-market businesses throughout the southern half of Texas.

EquiFin reported third quarter and nine month results for the period ended 30 September, 2004.

Equipment leasing has grown into a global industry producing nearly US$500bn in annual financings.

Surecomp, a leading provider of front and back office trade finance solutions is pleased to announce that NetIMEX, Surecomp’s Internet Front-Office Trade Finance solution, is now in live production use at Commerce Bank.

GE Commercial Finance Corporate Lending announced it has provided US$173.5m in financing to United States Steel Corporation.

CIT Specialty Finance, an operating group of CIT Group Inc.

Citigroup Inc. has agreed to sell a unit that lends to the trucking industry to General Electric Co. for about US$4.4bn in cash. The business provides financing, leasing, and asset-based lending.

Sterling National Bank, the principal banking subsidiary of financial holding company Sterling Bancorp, today announced a plan to open a new private and professional full service branch to be located in Manhattan.

Integrated Security Systems, Inc. (ISSI), has announced an agreement with Briar Capital, L.P. to provide an asset based lending facility to the Company's B&B ARMR subsidiary.