Factors grow business through new business; but apparel, retail and textile industries continue sluggish. From: Daily News Record | Date: September 15, 1993| Author: | COPYRIGHT 1993 Fairchild Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Volume for factoring firms grew during the first six months of 1993 with most of the increase due to new business generated by factors. Factoring executives expect the apparel retail and manufacturing business to remain soft in the near future. New factoring clients have come from a range of industries including electronics, furniture, footwear and luggage. Some factors expect business to slow during Christmas 1993 and 1st qtr, 1994 due to the impact of the new federal tax law.

But apparel, retail and textile industries continue sluggish

NEW YORK (FNS) -- Factoring volume in the first ...

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