WEX Inc., a provider of corporate payment solutions, is giving small businesses some breathing room by launching the WEX FlexCard, its first revolving payment fleet fuel card for small businesses.
Commercial Leases are Now Eligible Collateral to be Funded by TALF Program
The credit gridlock gripping the nation's economy has made it more difficult (and expensive) to fund fleet vehicles using asset-backed securities. Last February, the Federal Reserve and the U.S. Treasury launched a joint program called the Term Asset-Backed Securities Loan Facility (TALF) to improve credit conditions in the securitization markets. On March 3, the Federal Reserve expanded the definition of eligible collateral under TALF to include commercial leases. Here's how the program works.