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View Diary: Not All Small Businesses Need Loans for Payroll! (85 comments)

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  •  Fantasy (0+ / 0-)

    We have customers who pay in Net 10, and customers who pay a few days late on Net 60 (and in fact most of our international customers pay in advance). In 22 years in business, we've never written off a bad debt.

    What your suggesting is that I should give up hundreds of thousands of dollars in sales, that cost me at most 2% or 3% out of 20% and higher (mostly higher) gross profit because you think 30 days is the limit.

    Doesn't make a lot of sense to me.

    Je suis Marxiste, tendance Groucho

    by badger on Tue Apr 21, 2009 at 10:05:54 AM PDT

    [ Parent ]

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