Commercial Trade Credit Expansion
Borrowers with a two-month grace period were 11.3 percentage points more likely to sell to customers on credit (43.2% control vs 54.5% treatment, p < 0.01), 10.7 percentage points more likely to accept customer pre-orders (39.5% control vs 50.2% treatment, p < 0.01), and offered 6.05 additional types of goods and services (p < 0.05).