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The effects of the global crisis in Turkey are boosting usury, a financing method to make excessive profit by providing money to those in need. (more…)
#bank#banks#interest rates
A new system for the access of SME finance has been devised jointly between the Mexican telecommunications enterprise Telmex and the…
The credit crunch is forcing SMEs to turn to alternative financing products to solve their cashflow problems and stay afloat…
#alternative financing#bank#funding
With Egypt's first factoring company now up and running, local exporters can turn to a less traditional source of finance…
#bank#exporters#guarantees
DBS Bank will provide a USD13m financing facility to The Singing Machine Company, including USD7m in accounts receivable factoring (more…)
#accounts payable#bank#BB&T
The Attorney Funding Division of Entrepreneur Growth Capital ("EGC") today announced a new factoring finance option for the hundreds of…
Finance minister Janos Veres has announced that the government will soon launch the Capital Union Program aimed at helping SMEs…
#crisis#smes
Brazilian national development bank BNDES has increased its export financing program by BRL5bn (US$2.28bn) (more…)
With the current credit crisis wreaking havoc on Wall Street, factors are cutting the amount of credit available in transactions…
#cash-flow#CIT#receivables
A U.S. government agency said Thursday it has provided a US$400m loan guarantee to support exports to India by several…
#bank#exports#guarantee
Islamic Finance Company (IFC) announced the commencement of full scale shariah compliant financing solutions for SMEs (more…)
Equipment leasing firm Boston Financial Equity Corporation (BFEC) has formed a new division that will provide accounts receivable financing to…
#AR#bank#funding
As the credit crisis worses UK firms are actively seeking sources of alternative finance, according to survey conducted by Siemens Financial Services…