Have Industry Mergers and Consolidations Damaged the Factoring Industry?
Consolidation among companies that provide finance for small businesses is making it harder for companies to get cash, reports the Wall Street Journal. The number of mergers and acquisitions in the last 12 months has been unprecedented leading many industry observers to comment that clients may find it impossible to tell from one week to the next just who to send their new invoices to. As the firms change hands and grow, their policies towards smaller clients change and their appetite for thinly capitalised clients has decreased.
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