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SIDBI planning to acquire stake in commercial banks

Small Industries Development Bank of India (SIDBI) today said it is in talks with 3-4 commercial banks for stake, so that it can get a direct lending window to the small- and medium-sized enterprise (SME) sector. Since SIDBI's core business...

#bank#banks#liquidity

UFJ Bank targets smaller firms with unsecured loans

In a move to bolster business with small- and medium-sized enterprises (SMEs), UFJ Bank plans to provide a total of…

#bank#bonds#smes


Hal Marshall-Led Group launches factoring company for truckers

An accomplished group of trucking industry veterans announced the formation of Advance Business Capital, the first and only freight bill…

#Bill#financial services#innovation


US Bank introduces “fees paid” SBA loan programme

US Bank has introduced a new "fees paid" SBA loan for small business customers utilizing the flagship 7(a) guaranteed loan…

#bank#financial services#small business


Muscat Finance profit up 6%

Muscat Finance Co. has announced record profit after tax of RO1.88 million compared to RO1.77 million in the previous year,…

#bank#corporate finance#management


Marquette Business Credit acquires loan facilities from Capital Factors

Marquette Business Credit has acquired US$87.5m in revolving credit and term loan facilities from Capital Factors. The sale by Capital…

#asset-based lender#bank#commercial finance


Sidbi wants stake in a bank to serve SMEs

Small Industries Development Bank of India (Sidbi) has submitted a proposal to Finance Minster P Chidambaram for taking a strategic…

#bank#banks#SIDBI


State-run financing institution offers equity financing for SMEs

For entrepreneurs bent on making their businesses grow but are hobbled by resource constraints, outside funding can be a much-needed…

#international#management#smes


Small Businesses to obtain larger working capital loans

US small business exporters are obtaining larger working capital loans under the new co-guarantee agreement of the Export-Import Bank of…

#bank#exporters#exports


EBRD opens US$20m credit line for Russia’s SMEs

The European Bank for Reconstruction and Development (EBRD) is opening Rosbank a credit line for US$20m for five years to…

#bank#banks#smes


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


Cattles Invoice Finance Limited announces soaring profits in 2003

Cattles Invoice Finance Limited, the Manchester-based factoring company, have released financial statements for the year to 31 December 2003 showing…

#cash-flow#financial services#funding

Siemens Financial Services aggressively expands commercial finance and asset-based...

Siemens Financial Services, Inc. (SFS), the US financial services arm of Siemens AG, today announced the further expansion of its…

#business finance#commercial finance#financial services

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