Heller Financial Inc., Chicago, kicked off an insurance-alternative service for companies needing additional finance backed by foreign receivables.

The service lets banks make loans to companies while giving borrowers global credit checking and receivables management. The loans are backed by the receivables through Heller Financial.

The service is one of the first offerings by Heller since its initial public offering in May.

That IPO raised $1.4 billion, the most for any U.S. company in two years.

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