For small businesses, the bills can be as daunting as they are diverse. You have to pay for everything from office supplies and utility bills to employee salaries and healthcare benefits. The trouble is that you also have several other expenses that must be met in order for your business to run smoothly: paying back loans or investors, making payroll, and buying new equipment are just a few examples of these types of costs. Because these expenditures occur frequently throughout the year, it can be especially difficult for small companies to cover them all at once without having enough cash on hand at the time when they’re due—which means letting vendors go unpaid until next month’s check arrives. So what is bill discounting? How does it work? And why should I use it? In this article we'll answer all those questions plus provide some useful tips so that you can take advantage of this valuable service too!
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