An entrepreneur owns and operates a company that distributes discounted health, beauty, and food products to retail stores and government entities...
An entrepreneur owns and operates a company that distributes discounted health, beauty, and food products to retail stores and government entities. The New Jersey based company generated $15 million in revenue in 2007.
To service large government contracts, the company must purchase inventories in bulk. However, receivables from the distribution business's 200 retail clients accounted for about 60 percent of the company's total revenue. The distribution company wanted to ensure timely and secure payments from retail clients to maintain inventory purchasing power and cash flow stability.
The client subscribed to D&B ' a leading source of commercial information. With the subscription the owner was able to'
In 2006, an entrepreneur used a 10-yearto purchase a small business that distributes discount goods and beauty products. The loan put an all encompassing on the business, which prevented the company from raising financing
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Raza and David Bolos