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By Sherry Gray

Not many years ago, small businesses had little choice but to depend on cash only transactions, limiting opportunities for profit or making steady cash flow a rarity. Mobile businesses like food trucks, lawn services, and pop-up market booths, for instance, could sell only to customers with cash in hand, while caterers and contractors invoiced for jobs and covered expenses while waiting 30 to 90 days for payment. Many such businesses depend on credit lines to cover the gaps.