Music On Loan

CollectorVol. 72 Nbr. 12, July 2007

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Summary


"Most contracts aren't longer than three years, but you can return [the instrument] at any time," Palm said. "You're not locked in to the contract, and if it's paid off in a year, it's 12 months same as cash."

"We're able to get to our customers much more quickly," Palm said. "I'm always researching new products and comparing reports; you need to read about ways to get your receivables in."

'I'd like to make [that number] better," Palm said. "It has improved in the last year, though. It used to be one out of every 15 accounts."

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Extract


Music On Loan

Music & Arts Center, a division of Guitar Center Inc., has been renting musical instruments to the parents of school-aged children for the past 55 years. But providing easy access to trumpets and flutes isn't only thing unique about the retail music chain.

W...

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