Hodgson: Issuing Net-30 invoices makes small businesses interest-free lenders
Laura Hodgson · Stacey Abrams: How to harness risk | Masters of Scale · Sep 12, 2023 · at 34:35
Laura Hodgson, co-founder of Nourish and Now Account, discusses the hidden cash-flow burden that standard 30-day payment terms impose on small business suppliers.
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“What you realize is small businesses lend more than they ever borrow, because that invoice that they sent that says net 30, that's essentially a free loan.”
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