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What is Business Credit?
- Business Credit – Is also known as Trade Credit or Corporate Credit
- Trade Credit is the single largest source of lending in the entire world, even more then banks loan to businesses
- Trade Credit is when one business sells a product or service on credit terms to another business
Why would so many businesses extend credit terms?
- It allows them to sell more goods and services
- Their clients want credit
- Their clients need credit
Why Business Credit Tutorial
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