Category: News

Survey: CFOs Enter 2012 With ‘Cautious Optimism’

In its latest monthly report, the Tatum survey of CFOs notes that business conditions have continued the upward turn seen last month. The report notes that capital expenditure commitments increased significantly to 30% from 21% in the past 30 days.

Wells Fargo Capital Finance Announces Promotions

Wells Fargo Capital Finance announced the promotion of Kurt Marsden and John Leonard. Marsden, formerly the division manager of Technology Finance, will now lead the Business Finance group while Leonard will take over as division manager of Technology Finance.

GE Capital Provides $65 Million Asset-Based Facility to Navarro

GE Capital, Corporate Retail Finance is administrative agent and sole lender on a $65 million asset-based credit facility for Navarro Discount Pharmacy, an Hispanic-owned community drug store retailer in the U.S. The financing will be used to refinance debt and for general corporate purposes.