> If > they need a > loan then get one from the bank. They may be too far tapped to get further cash from a traditional lending institution. The easiest source of cash for any company is to refrain from paying their bills timely. I know many car dealerships that had to do that in the late 70s, and mid 80s. Some are doing it now, and one client of mine is impacting me a bit by $550/month. Not a big deal, but I know the cash just is not there so I leave them alone. The fees are based on a monthly recurring license, so my loss is passive opportunity income, not income based productive time displacing a paying opportunity. When they get through it I know they will remember I never hammered them. They always paid timely in the past, and have been good to me over the past 5 years. If they do not make it, well hammering would not have done any good anyway. Life is too short...
Gil > -----Original Message----- > From: [EMAIL PROTECTED] > [mailto:[EMAIL PROTECTED] Behalf Of John Weller > Sent: Monday, January 29, 2007 4:19 PM > To: [EMAIL PROTECTED] > Subject: RE: [NF] Extending credit to clients? > > > I extend credit to one client - but not intentionally!!! They're > b&*( awful > payers but always pay up in the end; they have to as they rely on me too > much. > > My immediate reaction would be to avoid it like the plague. If > they need a > loan then get one from the bank. > > John Weller > 01380 723235 > 07976 393631 > > > > I had a client I've worked with before approach me for a follow-on > > project. They're strapped for cash at the moment, but had been perfect > > with payments on time in previous project that lasted 10 months. > > They'd like to defer some of the costs of development for a period, > > which I can sympathize with, but I'm not a bank and am fairly naive > > over the terms offered. Anyone have an opinion (ha! In this crowd, has > > anyone got an opinion -- what a funny guy!) on whether this is ever a > > good idea or gotches on these terms: > > > > > [excessive quoting removed by server] _______________________________________________ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
