Lines of Credit
Using a Line of Credit for Supplier Early Payment Discounts
Your biggest supplier sends an invoice for $40,000 with a line printed at the bottom: 2/10 net 30.
A wholesale supplier tells you they now accept cards, but with a 3 percent surcharge. Your business credit card pays 1.5 percent back. On a 10,000 dollar order, you just paid 300 dollars to earn 150.
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Lines of Credit
Your biggest supplier sends an invoice for $40,000 with a line printed at the bottom: 2/10 net 30.
Business Credit Cards
A landscaping company I worked with last spring put $41,000 of mulch, fuel and equipment rental on a single card in April.
Lines of Credit
A landscaping company with eleven staff runs payroll every second Friday at about $26,000. Its biggest client pays in 45 days.
Business Credit Cards
A contractor I worked with put $38,000 of tools and a trailer on a 0% intro APR business credit card in March.
Games
Number games have followed a simple shape for centuries.
Lines of Credit
A landscaping company I worked with last spring had two offers on the table in the same week.
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Three people who have sat on different sides of a funding decision: a former underwriter who spent a decade deciding which loan applications got approved, a small business owner who has borrowed through a term loan, two lines of credit, and one merchant cash advance she still warns people about, and a bookkeeper who sees a client's cash flow problems months before the owner does. Every article carries a byline, and nothing runs that the writer has not actually dealt with.