Credit Building Benefits of Net Accounts
Info September 10, 2016
Net Benefits
Net Accounts are a great way for your business to get necessary supplies and inventory while managing monthly cash flow. However, many small business owners and entrepreneurs aren’t aware of how beneficial Net Accounts are for building a strong business credit profile.
What’s a Net Account?
A Net Account is essentially a line of credit extended to your business from a vendor or supplier. The terms for repayment are typically 30 days, however some accounts extend longer or shorter payment periods. For Net 30 Accounts, the total balance of your bill is due within 30 days.
