CheckPoint Short-Term Financing

CheckPoint Short-Term Financing - time for the company The...

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CHECKPOINT: SHORT-TERM FINANCING 1 CheckPoint: Short-Term Financing Holly Sestito FIN/200 June 17, 2011 Noah Plante
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CHECKPOINT: SHORT-TERM FINANCING 2 CheckPoint: Short-Term Financing Short term credit has many different sources. This can be a credit line through vendors, accounts payable and bank loans. The credit line through vendors is mainly through manufactures and companies that sell goods. This would be a 30 to 60 days giving the company time to sell product to pay off the debt. They may also give a discount when paid off in a short period of time. This must be research to see if it is a valuable to get money is a short period of
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Unformatted text preview: time for the company. The accounts payable would offer money coming in to help pay for the expenses the company has at that point in time. This would also work with the credit line. They would use the accounts payable portion to show what a customer would owe the company. This will also show if they have a discount available to them for early payment. A company can also use a bank loan but with a loan it could be extended. This could cause a problem in the long run. This would happen if the loan was extended because the company needed more money for operation expenses turning it into a long term credit....
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This note was uploaded on 06/19/2011 for the course FIN 200 200 taught by Professor Markempasis during the Spring '09 term at University of Phoenix.

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CheckPoint Short-Term Financing - time for the company The...

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