Mark Mandula, Editorial Board Member of TRF News and Chief Marketing Officer, United Capital Funding Group, discusses the implications of COVID-19 on EU factoring industry.
Continuation from Part 1
Now that we have established the significant penetration rate of factoring in the EU, and that 99% of the businesses in the EU are SMEs, the next data metric that needs to be looked at is this: are there specific industries and size SMEs that factoring appeals to and is used in the EU than others? If so, what are they are and are these the same/opposite ones more severally impacted so far [and post COVID-19] in the EU?
