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SIEMENS FIRST CAPITAL OFFERS ACCOUNTS RECEIVABLE CREDIT FACILITIES FOR BORROWERS AND FINANCIAL COUNTERPARTIES
April 1, 2008
Siemens First Capital Commercial Finance, LLC announced today 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. Qualification of the A/R Purchase Program depends on the
quality of the accounts receivable and is subject to verification, full
notification and perfection.
Read
the press release> |
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Siemens
First Capital Commercial Finance, LLC Provides
$65 Million Working Capital Facility to
Wholesaler and Distributor of Consumer
Electronic Products
October 10, 2007
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.
Read
the press release> |
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SIEMENS
FINANCIAL SERVICES AND FIRST CAPITAL
ANNOUNCE FORMATION OF JOINT VENTURE
January 17, 2007
Siemens
First Capital Commercial Finance,
LLC Expands
the Companies’ Working Capital & Accounts
Receivable Financing Businesses
ISELIN, NJ and WEST PALM BEACH, FLA. – 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. Read
the press release> |
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