Large corporations are extending payment terms to 60 – 90+ days across thousands of vendors in response to competitive pressures to improve working capital levels. As corporations extend their payment terms, grossly unfair payment terms risk breaking the backbone of the small business economy.
High Vendor Finance Hurdles
Increasing numbers of vendors are faced with expensive small business financing options with high interest rate loans, fees, personal guarantees, liens on their accounts receivables along with low Loan-to-Value (LTV) advance rates.
PromptPay™ – A Pragmatic Marketplace Solution
Paygevity SCF via PromptPay™ offers a value proposition aligned with the interests of corporations, their vendors, and 3rd Party SCF Financiers.