Business Cash

The 5 Reasons Every Small Business Are Extending Credit

There is much debate over whether or not extending net terms to customers is a smart practice for small businesses. This involves risk. Especially with providing a service or product and trusting the customer to pay you back at a later, specific date. Some say it is harder for small businesses to monitor their credit department, as they don’t have the tools like Fortune 500 companies. Thanks to emerging technologies, handling their customers’ payments is easier than ever. The truth remains that, if your business model supports the practice, extending credit opens an immense opportunity for your small business.

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