Trade Credit - How to Get Paid Now - Business Credit 2019

Are you offering trade credit to buyers? In this video you will discover how to offer trade credit without the risk and get paid right away. If you don’t currently offer net terms, you’re missing out on sales.

With Net-60-day terms, your buyers can purchase more from you and we’ll show you how without the risk. The fact is extending and managing trade credit has risks and administration challenges.

Do you know trade credit is the single largest resource of capital utilized from business to business? In fact, the Small Business Administration says it is the single largest resource of small business lending in the United States today.

At any given day there is over 3.1 trillion dollars in money owed to suppliers from trade credit extended to buyers. The problem is countless businesses have their revenues tied up in accounts receivable as a result.

For details on offering trade credit go to https://fundboxpay.com or to apply for a business line of credit go to http://bankbusinessline.com

The trade credit problem is compounded when their vendor payments come in late on a regular basis. In fact, close to seventy percent of suppliers that get paid late experience cash-flow problems.

Although offering trade credit to buyers is a great way to boost sales, you’re acting like a bank when you offer net terms. So, how can you take advantage of the benefits of offering trade credit without the risk?

The solution is having your trade credit program handled for you so you can focus on growing your business and not collecting outstanding invoices. Your buyers are assessed and if approved are offered net 60-day credit terms. Best of all there is no credit check and no paperwork needed.

Your approved customers get Net-60-day payment terms on their business purchases, while you get paid immediately without the wait. When your customer pays in full, the lender automatically replenishes their credit line so they can get net terms on their next order with you.

If you send invoices, invite your customer to apply for a line of credit (Net-60) using your custom invitation link which is provided once you register.

Some of the benefits of offering trade credit to buyers are as follows:

Increase in revenues
Day-to-day operations would be easier to manage
Easier to purchase more inventory with increased cash flow
With more cash flow you can expand marketing efforts

For more details on offering trade credit to your buyers check out the following websites below.

https://youtu.be/24yTB3Reijw
http://bankbusinessline.com
https://businesscreditblogger.com/2017/05/16/new-business-line-credit/
https://businesscreditbuilders.org/
https://businessfundingengine.com/