Small Business Finance is something that every business owner needs at some stage in the life of their business. If you are not using finance then you are probably not maximizing the potential growth of the business.
Being in small business over the past 12 years I am constantly looking for new ways to use Other Peoples Money (OPM) and one of the best ways we have found to do this is with Vendor Finance.
Vendor Finance definition:
"Credit provided by the supplier, usually in the form of deferred payment terms"
When you purchase a business or a property the vendor may offer you finance to help you get started in the business. This usually occurs where accounting figures are unavailable before the purchase of the business.
You need to be aware that the vendor usually offers this option for their own benefit and there are legal implications so you should always consult an attorney before signing any contracts.
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