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Wednesday, July 20, 2011

It's Taking Longer For Small Businesses To Get Paid

Small business are experiencing a cashflow crunch as the average time it takes to get paid by customers has increased to 48 days, up from 42 days in 2010.

In 2006, "receivables," the amount customers owe, was coming in at an average of 38 days. The data is the result of a survey by the National Federation of Independent Businesses, reports USA Today.

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2 comments:

  1. AnonymousJuly 20, 2011 at 11:21 AM

    Not only that-there's an increasing number of no-pays that I have to send to collections, which costs me 25-30%. I will not issue credit to any new customers and the old ones that I have had problems with will not get future service-period.

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  2. AnonymousJuly 20, 2011 at 11:39 AM

    Kinda proves that the over arching uncerntainty of low demand is the major reason why companies aren't hiring. Not these assinine claims of "regulations" and taxes that don't exist.

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