Class Trip

Businessman, it has come to my notice that you have exceeded your overdraft limit once again and I must..”. Panic! What do you do now?

The secret to keeping a friendly relationship with your bank is to keep your account in credit, or at least within the borrowing limits you agreed with them. Easier said than done in these difficult times, so where will you find the money?

The answer is there, right under your nose. Your account customer’s have it sitting in their banks! How much money have they borrowed from you and are now very reluctant to pay back?

“Borrowed?? you say. ?I haven’t loaned them any money”.

Oh yes you have. When you allow them credit for goods or services you have supplied, you are in effect loaning them money, your money interest free.
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