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i heard a story from chinese friends about subcontractors that the large companies in china that contract them even help them to get loans so the subcontractor
by em-bee 3y ago
i heard a story from chinese friends about subcontractors that the large companies in china that contract them even help them to get loans so the subcontractor can actually do their work until they will get paid, and then use the payment to pay back the loan.
like payday loans at large scale.
- Scoundreller 3y agoSelling your account receivables is a thing. Often called “factoring”. No idea how common or unusual it is for the customer to help arrange it for the supplier: https://en.m.wikipedia.org/wiki/Factoring_(finance) https://en.m.wikipedia.org/wiki/Factoring_(finance)
- jdksmdbtbdnmsm 3y ago>Selling your account receivables is a thing. Huh? A thing? What is your point here?