Queensland mining suppliers call for return to fairer payment terms

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Australian Mining
28 September 2017

The current 60-day payment terms of major mining houses operating in Queensland are having a significant negative impact on local small to medium businesses. A survey conducted by Queensland Industry Groups suggests that more than 70% of SMEs are having trouble growing their business due to extended payment terms. Gladstone Engineering Alliance chief executive officer Carli Homann says that without small to medium businesses the mining sector would be significantly impacted. At Apricity we understand that cash flow finance is the force behind small businesses however this is often impacted by late payment terms. We believe any business suffering from late payments should be able to access solutions to alleviate this stress. Learn more about invoice finance here, and read the full article here.