Business Credit

How to Finance a Canadian Business

Most commercial sales are done using trade credit. This means that the seller is expected to provide the buyer up to 60 days to pay an invoice. Most companies provide payment terms to their customers because clients demand it. You have little choice. Often, these provisions are inserted into contracts and you have to comply […]

How to Offer Early Payment Discounts – 2% / 10 Net 30

One of the problems of allowing clients to pay invoices in 30 to 60 days is that it can lead to cash flow problems. A small business can’t always afford to wait a month or two for a client payment. The business needs to get paid sooner in order pay for its own expenses. However, clients like the option […]

Should I Give My Customer Net 30 Day Payment Terms?

Most commercial sales to reputable companies are done using trade credit, usually on net 30 to net 60 day terms. In many cases, the client demands credit as a condition of doing business. Obviously, offering trade credit to the right clients can be a great way to grow your business. On the other hand, offering trade credit […]