Bill promotes small business loan securitisation

Senator Olympia Snowe introduced legislation that authorizes the Small Business Administration (SBA) to establish a three-year pilot programme that will encourage lenders to securitise pools of small business loans.

Questions are being asked about MX Factors of California

A Riverside, California, based financing firm that has raised more than $21 million in investments has operated without a state permit and has been ordered by the state Department of Corporations to stop accepting money from investors, authorities

Medallion granted Bank Charter approval

Medallion Financial Corp, a speciality commercial finance company with a leading position servicing the taxicab industry and small business commercial lending, has announced that it has received approval from the Federal Deposit Insurance Corporat

Bank-owned factoring subsidiary integrates with parent

Century Business Credit Corporation, one of the largest bank-owned factoring companies in the world, has changed its name to Wells Fargo Century, after successfully integrating its credit products with Wells Fargo's products and services.