help regarding setting up

Discussion in 'East Midlands' started by phildsw, Feb 15, 2016.

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  1. phildsw

    phildsw UKBF Newcomer Free Member

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    hi there,

    not sure if this is the correct place to post this, so if not sorry!
    im on the cusp of setting up a specialist building material supply business, this company will live and die by its credit limits as initially cash flow will be tight (standard trading terms for suppliers 30 - 45days, for my customers 30 - 60 days) as such i need to ensure i maximise my potential credit limits. obviously a new company will have no trading history, so how do i get the credit limits i need?? i have a partner who is willing to bankroll to a degree, but where is his money best placed, company bank account, value of shares etc? this is the last piece in the jigsaw before i commit so any advise would be greatly appreciated!
    Posted: Feb 15, 2016 By: phildsw Member since: Feb 15, 2016
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