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Small Business Payment Speed Slowing Reveals Index (CollectionTechnology.net)
October 15th, 2009
Mary Wisniewski, CollectionTechnology.net
Small businesses are slower to pay the tab than big businesses, reveals Cortera’s September 2009 Small Business Index (SBI), a new monthly index of accounts receivable activities for businesses with less than 500 employees. Specifically, the data shows small businesses are paying invoices 25% slower than a year ago, and 20% slower than the overall business average.
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