What is co-fi? Co-fi is a type of financing that allows businesses to borrow money from other businesses. This can be a great option for businesses with trouble securing loans from traditional lenders. There are many different types of co-fi agreements, so it’s important to understand the options available to you. This article will discuss the basics of co-fi and how it can benefit your business.
Co-fi is a form of financing in which two businesses enter into an agreement to lend each other money. This allows the business needing capital to access funds without going through the traditional banking system. Co-fi agreements can be structured in many ways, such as with different interest rates or payment terms. The agreement should also include details on when the loan must be repaid, what type of collateral is required, and any other conditions that both parties agree to.
The most common use of co-fi agreements is for businesses to purchase inventory or equipment. For more information on cofi, check online. Thank you for reading.