Quote:
Originally Posted by Flash68
This is tricky. One worries if by stopping new orders, you are basically kissing your $60k goodbye or "altering" his willingness (as Greg wisely points out), or making it very difficult (read: expensive/legal) to collect.
But being the bank in addition to the supplier is a dangerous business... if your business is not being a real bank.
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I understand, my father used to own a large sofa factory and he did this all the time with certain slow payers. As soon as they were put on credit hold the payment came in and then the orders were released.