Quote:
Originally Posted by Lynn A McCarty
With the current tightening of credit, banks are not allowing companies to "pass" on extra days of payment. In fact, they are asking many companies to improve the number of days out the invoices are.
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Brilliant. Now the bank won't get anything more out of Crane.
If they don't lend, how do they make money?
The vast majority of my customers pay me either same day or within a matter of days, and I pay my suppliers either the same day or in a matter of days.