What do you think the effect of the current housing market meltdown mean for factors in the construction industry? In my case, I think that the market for construction factoring will go down. Why?
Well, demand for construction factoring will go up in all likelihood. However, there will be less construction firms as a number of small and weaker firms will go out of business.
It is unfortunate, but this is what I think will happen.
Factoring will be able to help those firms that are able to drum up business. GC's and builders are likely to become even slower payers as cash flow tightens. But factoring only works if a company has invoices to factor...
Looking for regional factoring information? Try our new regional center. Also available from here.
And by the way. You can find new Marco Terry articles in this place. Here is an article about metal traders and another one for the energy industry.
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