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SLR Business Credit, a specialised asset based lender, has announced yesterday closing a US$5m ABL facility for Henry Industries, Inc.The proceeds were used to pay off the previous lender and provide the company with additional working capital for growth.About SLR Business Credit
07/03/2024
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Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing and inventory financing firm in the United States, today announced the completion of three asset based lending transactions totalling US$7.5m. The firm’s Pipeline division, focused on providing working capital to emerging consumer product brands, led the transactions.
07/03/2024
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Bahrain Development Bank (BDB) has launched its invoice discounting scheme, to support small and medium sized companies (SMEs) to bridge the liquidity gap. Within this scheme, BDB will act as an intermediary between buyers and suppliers.The BDB invoice discounting scheme will ensure that suppliers receive instant payments for their goods delivered/services provided, thereby eliminating the prolonged waiting periods till the buyer pays.
07/03/2024
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In a new paper, the specialist trade finance bank analyses how robust risk mitigation and compliance is the key to sustainable and successful trade with African marketsThe opportunities presented by African markets are undeniable, but trade with the continent is often hampered by access to finance. The African trade finance gap currently stands at around US$81bn and continues to grow, as African trade is largely perceived as high-risk by investors.
07/03/2024
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The UK’s largest independent invoice finance provider, Bibby Financial Services (BFS), has announced the return of Business Development Manager John Smyth to its team in Scotland as it continues to grow its finance support for the country’s SMEs and business advisors.Commenting on John’s appointment, Mike Day, Head of Sales for BFS, said:
07/03/2024
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Supporting the rapidly growing B2B e-commerce space has been an integral part of Allianz Trade’s strategy for several years.
06/03/2024
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With more than 200 guests gathered at the National Palace of Queluz, the Portuguese Association of Leasing, Factoring and Renting, the association that represents specialised financing in Portugal, celebrated on Wednesday a journey that has gone hand in hand with the three products' support for the national economy over the last few decades.
06/03/2024
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Commenting on the Spring Budget and how the extension to the recovery loan scheme is a boost to businesses but a permanent one is better, Douglas Grant, Group CEO of Manx Financial Group, said:
06/03/2024
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Norwegian software vendor Commercial Banking Applications AS (CBA), today announced that Landsbankinn in Iceland is benefitting from the seamless integration of Swift’s Transaction Screening Service (TSS) with CBA’s IBAS GBF - Global Banking Factory – which the bank uses to run its banking operations in payments and trade finance.
06/03/2024
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Lendscape, a leading technology provider for all forms of secured finance, has announced the appointment of Chris Coleman as Regional Commercial Director.Coleman brings extensive industry experience, having spent over fifteen years structuring complex Asset Based Lending (ABL) and invoice finance deals for RBS, Santander and Lloyds before moving into commercial financing technology. In his new capacity, he will drive business development initiatives and pursue new business opportunities with potential clients.
06/03/2024
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After serving as Secretary General of FCI for ten years, Peter Mulroy retired from his position on the 1st of March. During his time at FCI, Peter has overseen various initiatives and played a key role in the organisation's development. His leadership has contributed to the growth and success of FCI in the global factoring industry. Effective immediately, Neil Harm will be taking over the role of Secretary General.
05/03/2024
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Securitisation fundraising by small finance banks (SFBs) in India is anticipated to surpass Rs 10,000 crore (US$1.2bn) in FY2024, soaring from Rs 6,400 crore (US$810.24m) in FY2023, encompassing both pass-through certificate issuance and direct assignments, according to ICRA, a premier provider of valuation and information services to the Indian mutual fund industry.
05/03/2024
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The Board of Directors of the African Development Bank Group has approved a US$150m Trade Finance Unfunded Risk Participation Agreement facility between the African Development Bank and Trade & Development Bank (TDB).
05/03/2024
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In response to mounting concerns over lending practices in the small business sector, the UK Financial Conduct Authority (FCA) has announced an investigation into the issues raised by the Federation of Small Businesses (FSB). The move comes in the wake of a super-complaint filed by the FSB, highlighting the burdensome demand for personal guarantees by banks when issuing business loans, potentially hindering business growth.
05/03/2024
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Fundbox, an embedded working capital platform for small businesses, announces Ram Muthaiyan as the new Chief Risk & Product Officer.
05/03/2024
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