How late payments are sending small business to the wall

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Stuart Ridley
In The Black
1 June, 2017

The Australian Government is being urged to legislate against late payments by big companies to small businesses as SMEs are being sent to the wall due to cash flow issues. A report conducted in April 2017 by Kate Carnell, Australian Small Business and Family Enterprise Ombudsman, found that one in five businesses reported an average payment delay of more than 60 days. Carnell says no small business can last. Apricity believes that small businesses are the back bone of the Australian economy and so it is imperative that support is shown by larger companies and government agencies. Learn more about how invoice finance can help your small business here, and read the full article here.