Financing by a vendor is common when traditional financial institutions are reluctant to lend a business a considerable amount of money. This might be just because of the fact that the business is comparatively new or does not have considerable established credit. A business vendor comes in to link the gap and create a business association with the customer. Companies often like vendor financing when buying necessary goods that are available at the vendor’s store. The practice enables them to obtain trade credit without the necessity to borrow from the bank or use their retained earnings. How to apply for vendor finance?
Read Also: How to Apply for a Vendor Financing Scheme
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AuthorAman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management. |