Having Trouble Paying Suppliers?

When invoices get old because of slow sales or slow customer payments suppliers will put pressure on you for money. This happens to most of us from time to time. They don't want to stop doing business with you or hold your shipments but may use that tactic to get you to pay faster. One method I have used several times when a major supplier's bills got old and I mean 90-120 days or more is to to ask them to put those old bills aside. They want to get them off their A/R report and they can do that with this idea. Take those invoices as a lump sum and turn them into a loan that's paid off over 1-2 years with monthly payments. Even offer 1-2% interest added in the front only and say that you will keep new invoices current from that point on. It's a win-win situation because thay get them off their A/R report that their bank may see and you get immediate relief to get back to business. More info on this in Chapter 5 of my book "When the Shit Hits the Fan" available at amazon.com & B&N.