With recent news of lender consolidation, Robert Wagner of Northpoint Commercial Finance took a moment to offer a few perspectives on the impact to companies, with a special focus on the technology sector. Northpoint, a leading diversified inventory finance company for tech original equipment manufacturers (OEMs), distributors, and value-added resellers, provides end-to-end financing solutions along the entire supply chain.
“These market disruptions have fostered a lot of media and industry conversation,” Wagner, an industry veteran of the financial services and channel finance experience, said in a statement distributed by Northpoint. “As an independent lender and market leader, Northpoint has been able to step in and address concerns among technology borrowers.”
Wagner said the recent consolidation will most likely have an impact on OEMs, distributors, and resellers, and he raised a few issues that he said will be on the immediate horizon: