News just broke that a supplier in Singapore lost more than S$160,000 after the new owner of an established Thai restaurant chain allegedly vanished, leaving significant debts unpaid. This happened despite a 6-year business relationship and trust painstakingly built through the pandemic.
Read the news here: https://mustsharenews.com/thai-restaurant-owner-missing
Unfortunately, this is not an isolated incident. In today’s market, suppliers — even those with long-term clients — can be left exposed when businesses change hands, face cash flow issues, or default unexpectedly. As we see from this painful lesson, extending credit without some form of financial protection can be devastating.
Why consider Invoice Financing?
- It allows suppliers to convert outstanding invoices into immediate cash flow, reducing the risk of extended payment defaults.
- Credit assessment is outsourced to experienced finance partners, rather than relying solely on trust and past relationships.
- Companies that use invoice financing solutions protect themselves and their supply chain, ensuring business stability even in turbulent times.
If you’re a business owner, supplier, or finance manager worried about the risks of offering credit in the F&B or hospitality sector, there are excellent financing companies that can help safeguard your growth. We regularly work with such partners and are happy to make an introduction — just drop us a message here or send us an email to islifearecipe@gmail.com to find out more.
Let’s turn lessons into action and support each other’s business health.
Read our Reviews: https://islifearecipe.net/
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