Siemens First Capital Offers Accounts Receivable Credit Facilities for Borrowers and Financial Counterparties: Siemens First Capital reaffirms commitment and stands ready as a reliable and stable source of capital for Middle Market customers
Siemens First Capital Commercial Finance, LLC announced an Accounts Receivable (A/R) Purchase Program for Middle Market companies. This program offers quick access to working capital for companies using their accounts receivables as collateral for an asset-based line of credit. The program also addresses domestic and international financial institutions that are seeking alternatives to service their existing contracts with a stable and reliable counterparty.
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Siemens First Capital Commercial Finance, LLC Provides $65 Million Working Capital Facility to Wholesaler and Distributor of Consumer Electronic Products
Siemens First Capital Commercial Finance, LLC announced that it provided a $65 million accounts receivable management and senior credit facility to a wholesaler and distributor of consumer electronics. The purpose of the facility is to support the working capital needs of the company.
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Siemens Financial Services and First Capital's Joint Venture
Siemens Financial Services, based in Iselin, has formed a new company, Siemens First Capital Commercial Finance, in a joint venture with First Capital, a financial services firm in West Palm Beach, Fla. The goal of the joint venture is to further develop both companies? working capital and accounts-receivable financing businesses in the domestic and Asian markets.
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Siemens Financial Services, First Capital Enter Into JV
(RTTNews) - Siemens Financial Services, Inc. (SI) revealed the recent formation of Siemens First Capital Commercial Finance, LLC, a joint venture between SFS and First Capital, a leading financial services firm headquartered in West Palm Beach, Fla. The goal of the joint venture is to further develop both companies' working capital and accounts receivable financing businesses by offering market-leading solutions to customers in the domestic and Asian markets.
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Siemens First Capital Commercial Finance, LLC Expands the Companies’ Working Capital & Accounts Receivable Financing Businesses
ISELIN, NJ and WEST PALM BEACH, FLA., January 17, 2007 – Siemens Financial Services, Inc. (SFS), the U.S. financial services arm of Siemens AG, today announced the recent formation of Siemens First Capital Commercial Finance, LLC (Siemens First Capital), a joint venture between SFS and First Capital, a leading financial services firm headquartered in West Palm Beach, Fla. The goal of the joint venture is to further develop both companies’ working capital and accounts receivable financing businesses by offering market-leading solutions to customers in the domestic and Asian markets.
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