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June 25, 2007
Boutique Funders
A look at factoring, banks, and a recent Wells Fargo acquisition.
From my experience, I have seen banks attempting factoring but, generally, shying away from it because they realize that their one commercial or business banking scenario does not work well for this specialized type of funding. They do realize however, that there is a need for the funding offered in the cash flow industry and Wells Fargo Bank has, in fact, recently purchased one of our larger factoring companies!
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Posted on June 25, 2007 07:33 PM by wells 658.
Filed in Money in the Bank under wells fargo bank.
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