Small Business Financing Secret
All B2B companies deal with waiting 30 to 60 days to get paid on their invoices. Providing credit to buyers is ‘par for the course’ in most markets. This is fine for larger companies that can afford to wait it out, but small and mid-sized companies can be hurt by waiting so long for payment. Worse yet, smaller businesses usually have limited or no access to traditional bank loans to help make ends meet.
Why should a business with tight cash flow be extending credit? It makes no sense. The secret is: you don’t have to.
