Food Service

Financing For Retail Food Brokers

Most retail food brokers sell their products on credit by offering their commercial customers – grocery stores and supermarkets – up to 45 (or even 60) days to pay their invoices. Offering terms is a conventional way of doing business, and most large customers, especially large retail outlets and supermarkets, expect to get terms. On the other hand, smaller food brokers […]

How to Use Factoring to Finance Your Food Distribution Company

While profitable, owning a food distribution business is often challenging and demanding. The product logistics are often complicated since you need to simultaneously: Buy and receive products from suppliers Deliver products to clients Manage the financial tug-of-war between suppliers, who demand quick payments, and clients, who insist on paying invoices on net-30 to net-60 day terms For this […]