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Textron Financial is in the Financial Services Industry
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Factoring: Helping Small Service Companies Grow
Factoring has taken on a new life in recent years as a financing method of choice for many service industries, such as trucking and temporary staffing. Service companies in an early stage mode often find themselves in the frustrating position of turning away sales opportunities due to a lack of...
Cash Crunch? Consider Factoring
Without sufficient cash flow, your business cannot pay its bills, expand, or even stay in operation. In addition, providing interest-free loans to your delinquent customers does not help the situation. Most entrepreneurs' experience a cash flow crunch when their need to expand is hampered by the 30, 60, and 90-day...
Additional Resources
Bluegreen Corporation Signs $75 Million Vacation Ownership Credit Facility with textron financial Corporation
BOCA RATON, Fla. -- Bluegreen Corporation (NYSE: BXG) ("Bluegreen"), a leading provider of Colorful Places to Live and Play([R]), today announced that on April 17, 2008 it signed a new, $75 million revolving acquisition, development, and construction ("AD&C") credit facility with Textron Financial Corporation, a Textron Inc. (NYSE: TXT) company....
Eagle Ridge refinance arranged by CBRE
Geoffrey Rice, a senior vice president in CBRE's New York Capital Markets group, has secured bridge financing totaling $31 million on behalf of Eagle Ridge Resort, LLC., an affiliate of Loeb Partners Realty LLC. The three-year bridge loan, provided by Textron Financial, will enable ownership to complete the...
Textron Hosts Bank and Capital Markets Meeting
Confirms 2008 and Multi-Year Outlook PROVIDENCE, R.I. -- Textron Inc. (NYSE: TXT) and Textron Financial Corporation are hosting their 2008 Bank and Capital Markets meeting today. During the meeting, Textron will confirm its 2008 and multi-year financial outlook, which was presented during the company's Analyst Day meeting on...
Textron Showcases Robust Products and Services at Golf Industry Show
PROVIDENCE, R.I. -- Textron Inc. (NYSE: TXT) is showcasing its robust line-up of products and services at this week's Golf Industry Show (GIS) in Orlando, Florida. Textron's world-class golf brands, including E-Z-GO, Jacobsen and Textron Financial Corporation, are coming together to reinforce their combined presence within the golf industry. Among...
Around the Industry
Textron Financial Corporation, Providence, Rhode Island, establishes a stand-alone Vendor Finance Division overseeing the company's golf and turf equipment financing business and initially pursuing construction and agricultural equipment opportunities in the United States and Canada, while also announcing a new financing partnership with Stone Construction Equipment, Inc., Honeoye, New York,...
PERSONNEL
Equilease Financial Services, South Norwalk, Connecticut, announces Steven Nelson as vice president of sales for its Construction Dealer Group. Mesirow Financial Consulting, New York, New York, hires John F. Oates as managing director and Lauren Hill as senior vice president. Jeff Darlington joins AIG Commercial Equipment Finance, Inc....
textron financial Expands with New European Operation
PROVIDENCE, R.I. -- Textron Financial Corporation, a Textron Inc. (NYSE: TXT) company, today announced the expansion of its Distribution Finance Group into Europe with the opening of Textron Financial Limited based in Guildford, Surrey, United Kingdom. The company's new European operation will service all of Western Europe, providing inventory financing,...
Cronus Partners Pleased to Announce Quantem Aviation Services' Acquisition of Integrated Deicing Services through a Structured Financing
NORWALK, Conn. -- Cronus Partners LLC ("Cronus Partners") is pleased to announce it acted as financial advisor to Quantem Aviation Services ("Quantem"), a privately held air-freight logistics company, in its acquisition of Integrated Deicing Services ("IDS"), a provider of airplane deicing services. Closed on December 31, 2007, the...
Fitch Ratings Affirms Textron's IDR at 'A-' on Acquisition of UIC
NEW YORK -- Fitch Ratings has affirmed the following ratings for Textron Inc. (TXT): --Issuer Default Rating (IDR) 'A-'; --Senior unsecured debt 'A-'; --Bank facilities 'A-'; --Preferred securities 'BBB+'; --Short-term IDR and Commercial paper programs 'F2'. Fitch has...
PERSONNEL
Textron Financial, Alpharetta, Georgia, announces Amina Kirtman as vice president, business development officer at field services division of its Distribution Finance group. Brent McWhorter joins Alter Moneta's, Quebec Vendor Finance Group, assuming responsibility for a territory covering Texas, Oklahoma, Arkansas, and Louisiana. Trinity Vendor Finance, San Francisco, announces...
textron financial Announces Divisional Name Change
Systran Financial renamed Commercial Finance Division PROVIDENCE, R.I. -- Textron Financial Corporation, a subsidiary of Textron Inc. (NYSE: TXT), announced today the renaming of Systran Financial Services as the Commercial Finance Division. Commercial Finance continues to be part of the company's asset-based lending business and operates out of...
Trade Alert for Textron Inc.
M2 PRESSWIRE-20 June 2007-Blue Chip News: Trade Alert for Textron Inc(C)1994-2007 M2 COMMUNICATIONS LTD RDATE:20062007 Trade Alert for Textron Inc (NYSE:TXT) Textron Inc. is an $11 billion multi-industry company operating in 32 countries with approximately 40,000 employees. The company...
Textron Names Lynn Kelley Vice President of Textron Six Sigma
PROVIDENCE, R.I. -- Textron Inc. (NYSE: TXT) today announced the appointment of D. Lynn Kelley, Ph. D. as vice president, Textron Six Sigma, effective immediately. She succeeds John W. Mayers, who has been named executive vice president, Corporate Development for Textron Financial Corporation. Kelley will report to Ken Bohlen, executive...
PERSONNEL
Textron Financial, Providence, Rhode Island, announces David Wisen as group president, with oversight of its golf finance, resort finance, and structured finance divisions, as well as Its Textron Business Services subsidiary. Richard Doharty joins Merrill Lynch Capital, Chicago, as national sales manager for the equipment finance group. Key...
Textron Gives Lily $50 Million Credit
Textron Financial Corp. said it has provided a $50 million revolving credit facility to truck leasing and logistics firm Lily Transportation Corp., Needham, Mass. "This new financing provides enhanced liquidity for our growing working capital needs as well as support of strategic growth initiatives, including the completion of our fleet...
Textron Gives Lily $50 Million Credit
Textron Financial Corp. said it has provided a $50 million revolving credit facility to truck leasing and logistics firm Lily Transportation Corp., Needham, Mass. "This new financing provides enhanced liquidity for our growing working capital needs as well as support of strategic growth initiatives, including the completion of our...
Resorts Group buys Resorts USA in $32.5 million deal
In a transaction completed on Dec. 15, Resorts Group Inc. purchased Resorts USA Inc. from Rank Group PLC for $32.5 million. The sale included Fernwood Hotel & Resort, The Villas at Tree Tops and Fairway, Minisink Financial Corporation and Outdoor World. Financing for the purchase was provided by Textron Financial...
Fitch Affirms Textron & textron financial's Ratings; Outlook Still Positive
NEW YORK & CHICAGO -- Fitch has affirmed the following ratings for Textron Inc. (NYSE:TXT): -- Issuer Default Rating (IDR) 'A-'; -- Senior unsecured debt 'A-'; -- Bank facilities 'A-'; -- Preferred securities 'BBB+'; -- Commercial Paper (CP) programs 'F2'....
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Co. is a diversified commercial finance company with operations in six segments: Aircraft Finance, Asset-Based Lending, Distribution Finance, Golf Finance, Resort Finance and Structured Capital.
Key Competitors
Textron Financial Company Info
Board of Directors
Ted R. French
Chmn.
Buell J. Carter Jr.
Mary F. Lovejoy
Contact Information
40 Westminster Street
Providence, RI
http://www.textronfinancial.com
401 621-4200
NAICS Code
Consumer Lending: 522291
