Marketing

How do I offer financing to my customers?

min read
Opinions expressed by Entrepreneur contributors are their own.
Offering credit, or "trade financing" to your customers does not require any special documentation. Most vendors (hardware stores, trade magazines, lawyers, etc.) offer their regular customers 30 days to pay their bills. Some offer up to 90 days. The key is making sure that your customers will pay you reliably and on time. The best way to do this is to ask them to supply you with three "trade references"--other vendors who have given them credit in the past--to demonstrate that they have a track record of paying their bills. It's also important to set a credit limit for each customer to make sure that you don't get stuck holding the bag.

More from Entrepreneur

In as little as seven months, the Entrepreneur Authors program will turn your ideas and expertise into a professionally presented book.
Apply Now

Whether you are launching or growing a business, we have all the business tools you need to take your business to the next level, in one place.
Enroll Now

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.