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)
“Imperialism is capitalism at that stage of development at which the dominance of monopolies and finance capitalism is established; in which the export of capital has acquired pronounced importance; in which the division of the world among the international trusts has begun, in which the division of all territories of the globe among the biggest capitalist powers has been completed.”
—Vladimir Ilyich Lenin (1870–1924)