Working capital finance is one of those seemingly esoteric business school topics that turn out to have very real and rather fundamental applications for the small business owner with no training or prior experience except his or her own common sense. Any sole proprietor, as the term for these “moms and pops” goes in business school classes, knows about working capital finance from having to deal with inventory and accounting day in, day out! But when these small-time businessmen and women think of it, they are usually only imagining two things, borrowing money or putting more equity in their business – the traditional sources of business capital. Yet most business owners don’t realize that one of the greatest ways to finance working capital is to let their suppliers do it for them! There’s no need for small business loan when the money is already there. It’s true, and this article…