A large number of small business owners say that B2B payments are getting increasingly late, coming in 20 – 30 days after their due date. The late payments are threatening to close many Main Street businesses.
B2B Payments are Late, Threatening Main Street Businesses
A recent YouGov survey shows that around a quarter of small businesses are failing to receive payments until around 20 – 30 days after payment for invoices was due. Typically, B2B payments leverage net 30 payment terms but the average span for completing work or delivering goods to getting paid is around 60 days.
