Businesses Stack Working Capital as Bank Credit Tightens
By PYMNTS
AI summary of the source article
Businesses are relying on bank credit lines, corporate cards, and supplier payment terms to finance gaps between purchasing goods and collecting payments. European Central Bank findings indicate that demand for short-term financing is rising.
Key facts
- Businesses are using working capital such as credit lines, corporate cards, and supplier payment terms to cover bills.
- European Central Bank findings show rising demand for short-term financing.
Source excerpt · PYMNTS
Businesses are using several forms of working capital to pay bills that previously could have been covered by customer receipts arriving earlier. Bank credit lines, corporate cards and supplier payment terms give firms different ways to finance the interval between purchasing goods and collecting payment. European Central Bank findings show demand for short-term financing rising […] The post Busin…