Need For Debtor Finance
Most businesses have to offer credit terms, usually of 30 days, in order to secure orders from customers. Current statistics show that these invoices can take up to 60 days to be paid. This delay reduces essential cash flow and restricts the growth of the business.
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Famous quotes containing the words debtor and/or finance:
“Every novel is a debtor to Homer.”
—Ralph Waldo Emerson (1803–1882)
“A bank is a confidence trick. If you put up the right signs, the wizards of finance themselves will come in and ask you to take their money.”
—Christina Stead (1902–1983)