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Loans to build condo towers were common during the boom years, but the downturn left Florida with an enormous glut of inventory and financing for new development evaporated.
WSJ: Miami Condo Loan Marks Milestone
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More inventory means higher financing costs, which mean worse profits.
FORBES: The Detour Economy
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More inventory means higher financing costs, which means lower profits.
FORBES: The Detour Economy
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The carrying cost of retail inventory includes storage, financing, insurance, theft and damage.
FORBES: Magazine Article
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By services Mitchell means anything beyond matching suppliers with customers--such as providing financing, on-site inventory management, parts-tracking software and chip programming.
FORBES: Stuck in the Middle
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The result is a very big inventory of early stage consumer web companies out there, looking for follow-on financing, strategic deals, customers, and exits.
FORBES: Sunset For The Consumer Web?