Stocking Up? Don’t Buy on Terms-- Pay Cash.

 

The phrase "Buying on terms" sounds friendly and harmless-- when it actually means taking out a loan, and can complicate your company’s finances.

 

Especially if you're trying to competitively grow your business, it can seem tempting to buy your merchandise on "terms" that allow you to purchase inventory at the beginning of the season, but pay for it after it's sold. However, as with everything that sounds too good to be true, buying on terms can sometimes get out of hand.

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