karkess 28 Posted November 11, 2013 I know USCutter offers credit for large purchases, but it would be great if we had access to a line of credit under $500 for purchasing supplies. Understanding that there are customers in all stages of their business. My local guys want years in business and other stipulations that a new start up just doesn't have. Share this post Link to post Share on other sites
jaybyrd 3,770 Posted November 11, 2013 Fellers, grimco and most others don't care how long you've been in business as long as you have your paperwork in order and they all accept cash. Most businesses don't like to extend credit especially in this trade because of how many go belly up in short order and wouldn't pay that bill. My local once told me the reason they were still in business is because they don't extend credit, that is what banks are for. I tend to agree with them on that point. 1 Share this post Link to post Share on other sites
slice&dice 2,450 Posted November 11, 2013 I am not interested in my prices for supplies being raised because various numbnuts out there fail to pay their bills. In other words, it would not be great for USCUTTER to extend credit. There's a standard motto for how USCUTTER operates: "In God We Trust ---- All Others Pay Cash" 2 Share this post Link to post Share on other sites
jaybyrd 3,770 Posted November 11, 2013 I am not interested in my prices for supplies being raised because various numbnuts out there fail to pay their bills. In other words, it would not be great for USCUTTER to extend credit. There's a standard motto for how USCUTTER operates: "In God We Trust ---- All Others Pay Cash" It's not often we agree but this time I agree 110%. If I can;t afford it I don't buy it, simple. And it keeps me from doing stupid things on a whim. 3 Share this post Link to post Share on other sites
SeeJaysPlace 476 Posted November 11, 2013 I like that I can pay and get my stock and only use cash.. I hate having a monthly bill .. and I love not having a over head right now either! Waiting on that right place to come alone so I can get a retail place!! Share this post Link to post Share on other sites
Dakotagrafx 7,297 Posted November 11, 2013 it just isn't worth it to them on small things like that - the risk is much more than when they have done all the background checks for the large purchases - do you offer credit to all your customers? Share this post Link to post Share on other sites
Cal 393 Posted November 11, 2013 Wouldn't a dedicated credit card do the same for you? Cal Share this post Link to post Share on other sites
MZ SKEETER 4,708 Posted November 11, 2013 Even PayPal has a credit card, as well as BILL ME LATER, 6 months to pay off, interest free. And UScutter accepts Paypal. 2 Share this post Link to post Share on other sites
karkess 28 Posted November 11, 2013 SLAM! Retreating with tail between my legs. Share this post Link to post Share on other sites
jaybyrd 3,770 Posted November 12, 2013 Think of all the interest you save using cash. 1 Share this post Link to post Share on other sites
lueman 19 Posted November 12, 2013 I've found I am my own best credit grantor. Over the years I saved money in various banks, CD's, investments, etc... When I need liquid cash I loan my company the money. I started with just a $500.00 dollar account and slowly let it build. If I don't have enough to pay myself back then how can I expect someone else to foot my bills?? It works and if you do it through collateralized loans then you also build a credit rating. Share this post Link to post Share on other sites
