Small firms face payment delays

 Small firms facing payment delays

Small firms are waiting six weeks longer than big businesses for invoices to be paid, according to a study by the Asset Based Finance Association. Its research found the delay is placing huge pressure on small firms’ cashflow as well as their ability to expand. The average waiting time for payment is 71 days for smaller firms, compared with 38 days for the largest companies.

Source:  Independent I (08/08/2016)