By Sebastian Rymarz
Sebastian Rymarz is the Chief Business Officer for Fundbox where he oversees Marketing, Sales, Business and Corporate Development.
Today, many small businesses act like banks. Many business owners would never choose to act like banks if they felt they had a choice, and they certainly don’t reap the benefits that banks do. Yet, there they are, extending credit terms left and right. We’re talking about the practice of offering Net-30/60/90 payment terms: a system sometimes called trade credit, or simply, Net terms.