Times are tough for many in the scrap industry. The COVID-19 pandemic and the business closures and recession it has caused are affecting financial results in this industry and many other industries as well. These dynamics are leading insurance firms, lenders, and other financial service providers to look more closely at a company's financial strength before offering any type of trade credit or loan. On the insurance side, RecycleGuard has seen a deterioration in financial scores across the board. This can create more work for insured companies or prospects and their agents, who have to submit financial statements to the insurers for credit review.
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