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US Bank Business Credit enters US$25m accounts receivables facility

US Bank Business Credit is the agent of a US$25m senior secured credit facility to ACN, a reseller of telecommunication services and energy to consumers and small business. The new facility consists of a US$25m revolving credit facility based on...

#bank#cash management#management

Decline in corporate failures slows but administration orders rise...

Over 12,000 limited companies have failed so far in 2004, a failure rate of 64 companies per day, according to…

#financial services#insolvency#insurance


World Bank announces development loan to improve SMEs’ access...

The World Bank has approved a US$120m loan to support the development of India's small-and medium-sized enterprises (SMEs). The loan…

#bank#management#risk management


Wells Fargo factoring division adds to Texas business development...

Wells Fargo Business Credit’s factoring division has named Amy Cartwright as business development officer. Cartwright will provide an accounts receivable…

#Business Development Manager#financial institution#management


Equifax announces intention to discontinue asset-based lending, factoring operations...

EquiFin reported third quarter and nine month results for the period ended 30 September, 2004. As a result of the…

#Equifax#management


Better payment practice group updates advice for exporters

The Better Payment Practice Group (BPPG) has updated the exporting section of its website, www.payontime.co.uk to give businesses credit management…

#exporters#exports#management


IGF appoints new regional sales Director

Independent Growth Finance (IGF), one of the country's fastest growing business finance providers, has promoted Mike Bailey to the position…

#bank#IGF#invoice


Atradius unveils new strategy

Revamp for increased, sustainable profitable growth Focus on core credit insurance business Divestment of business lines lacking mass and/or profitability…

#Atradius#debt collection#management


Coface receives Chinese business delegates

A group of Chinese businesspeople sought American guidance on a business tool that is relatively new to them - issuing…

#credit reports#international#management


Coface chairman to meet with India’s Director General of...

Mr Francois David, chairman of Coface, the French export credit insurance agency, is coming to India on a five-day visit…

#exports#guarantees#management


KOTEC acts as cheerleader for small firms

Around 3 million small-and medium-sized enterprises (SMEs) have been the backbone of the Korean economy. But many of them are…

#financial services#management#risk


World Bank aid for India’s SMEs

The World Bank has opened a new credit line of US$120m for small-and medium- sized enterprises (SMEs). The Small Industries…

#bank#interest rates#international

Bulgarian bank to open branch in Cyprus in 2005...

Bulgaria's Central Cooperative Bank (CCB) management board has decided to open a branch in Cyprus. CCB's branch in Cyprus plans…

#bank#banks#guarantee

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