What is a “vendor loan”?
Question by elizgrover: What is a “vendor loan”?
Best answer:
Answer by Julian K
Its almost as if you go into a coffee shop and say to the man behind the counter can you lend me the money to buy a coffee for £2. He will lend you £2 but you will pay back £3.
What do you think? Answer below!
Tags: vendor loan
A vendor loan is when the vendor or seller of whatever you are buying, loans you the money to buy whatever you are buying.
I once got a vender loan. It was when I was in high school and i tipped over the vending machine. I took all the money that spilled out. At that point, I thought it was a vendor (or vending machine) gift but when the school found out and I had to pay it back, I considered it a loan.