Eddie Buckley started his 5050 Bike and Skate shop with a lot of savings. Sadly, poor inventory and financial skills soon depleted those savings and the business was soon in danger. Good thing for Buckley, he found a great way to get financial backing.
The method that Buckley discovered was vendor financing.
According to an article from forbes.com, “Vendor financing doesn’t always come about this way, but in many industries it’s a win/win situation for suppliers to offer financing to their best distributors.”
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