commercial credit

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  • noun

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credit granted by a bank to a business concern for commercial purposes

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In the wake of the financial crisis, Commercial Credit Group has seen several of its largest competitors exit the equipment finance business or significantly curtail lending activity.
The new sites spanning the length and breadth of the country and added to the Commercial Credit network are - Aluthgama, Aralaganwila, Akuressa, Chunnagam, Deniyaya, Delft, Elpitiya, Giriulla, Hatton, Kalpitiya, Mannar, Medawachchiya, Nawalapitiya, Pottuvil, Rikillagaskada, Teldeniya, Tanamalwila, Udugama, Valaichchenai and Welimada.
Citigroup, Inc (NYSE: C) has said that it is planning to promote its commercial credit card in South Africa.
EL PASO, Texas -- 1st Commercial Credit, LLC - an asset based lending company that provides accounts receivable financing for the transportation and trucking industry, finished off the month by facilitating a whopping $5 million revolving line of credit to a trucking company.
Commercial Credit Group has closed two new revolving credit facilities.
Huntington Bank (NASDAQ: HBAN) has named Josh Eichenhorn as senior credit approval officer responsible for bank-wide commercial credit approval and credit administration.
and Jim Petrie, commercial credit manager with Columbia Bank, will be among the panelists.
The software handles small business commercial credit requests for lines of credit, term loans, commercial mortgages, corporate leases and corporate credit cards.
Veda - data intelligence and insights vendor, has announced the acquisition of independent financial and supplier risk assessment provider, Corporate Scorecard (CSC), aiming at boosting its existence in the commercial credit and supplier risk sector.
Just a week after it obtained a $200 million unsecured revolving credit facility that CFO Patrick Carroll, said would give it more financial muscle, Lexington Corporate Properties Trust (LXP) has acquired five industrial/manufacturing facilities in a sale/leaseback transaction with Dana Commercial Credit Corporation, a wholly-owned subsidiary of Dana Corporation.
Strong economic growth in recent years has been fuelled by very rapid consumer and commercial credit growth.
Capital One Financial Corporation (NYSE:COF) today announced the appointment of Suzanne Hammett as Executive Vice President and Chief Commercial Credit Risk Officer.
Bank to ensure a smooth transition for our commercial credit card clients during the next several months," said Mary Giles, vice president of card product management for CIBC.
May 17, 2011 /PRNewswire/ -- BHG Commercial Credit, one of the nation's leaders in trade financing, collaborates with their bank partners and FEFC to deliver over $6.
He then became a key member of the team that launched and defined the strategy for Commercial Credit Company in October 1986, when the consumer lending company was spun off from Control Data Corporation.
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