David DiPiero, CEO of FGI Finance, Discusses how US Factoring Has Been Affected by the Economic Downturn, with Factorscan BCR
NEW YORK, March 03, 2009 – David DiPiero, Chairman and Chief Executive Officer of FGI Finance (www.fgifinance.com) explains in the latest issue of Factorscan BCR (www.factorscan.com) how US factoring has been affected by the downturn, how factoring failure has become increasingly likely and what are the industry’s hopes regarding the new US administration.
DiPiero writes, “Many factors small, large and even the factoring divisions of banks are having trouble underwriting deals and accessing funds to support current clients not to mention future clients. As a result, certainly terms are getting tougher.”
This article provides insight into which sectors have been most badly hit, American access to credit insurance, advice and support for factors, along with thoughts for the future of the factoring industry.
The entire article can be found at http://news.fgifinance.com/article_download.cfm?article_id=4400.
About Factorscan BCR
BCR Publishing was founded in 1992 to produce high quality in-depth industry reports and is acknowledged as the leading provider of factoring market information in the world. They have published such books and reports as the World Factoring Yearbook and Factoring in the UK. www.factorscan.com.
About FGI Finance
FGI Finance is a global commercial finance firm with clients in over 60 countries around the world. FGI helps middle market companies by providing them with various financial products, business loans and financial services to meet their financing needs. FGI Finance provides financing in over 15 foreign currencies and has a presence in 6 continents.