American Business Financial Services to offer loans through VerticalNet

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VerticalNet, Horsham, Pa., announced Thursday that it has signed an agreement with Bala Cynwyd, Pa.-based American Business Financial Services Inc. enabling ABFI to offer business loans across VerticalNet's online trading communities. Under the terms of the agreement, businesses will be able to borrow funds online from ABFI's business lending subsidiary, American Business Credit Inc. to establish storefronts and e-commerce centers within VerticalNet's trading communities.
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