Small business economic indicators rise

The National Federation of Independent Business's (NFIB) monthly index of small-business economic indicators increased by 1.3 points in November to 105.3, thanks to small business owners’ expectations that the economy and their sales will improve.

Taking the fear out of factoring

With more and more reputable companies entering the factoring business, services have greatly improved. But factors' bottom line use remains the same: providing ready funds for companies in cash-flow-challenged industries.

Freedom Financial announces new vice president

Freedom Financial, Inc., a rapidly growing provider of factoring, purchase-order financing and additional asset-based lending services, has announced the appointment of Mark Olfson as vice president for Business Development.

Maine Group to buy small Hyannis bank

The Banknorth Group of Maine announced plans on Tuesday to buy CCBT Financial Companies for $300 million in stock. Barring any unforeseen shareholder protests or regulatory hang-ups, the deal will go through by mid-2004.