November 10th, 2009 by Alex Cote, Cortera
Last month we started publishing the Cortera Small Business Index™ (SBI) to shed light on how the recovery is going for small businesses (companies with less than 500 employees – the SBA definition). Based on same criteria lenders and businesses use for determining credit viability, the SBI provides a view into the cash flow on Main Street. And just as Newsweek paints the picture of the Wall Street – Main St gap, the Cortera SBI™ shows increasingly divergent behaviors between the largest of businesses and the nation’s millions of small companies.
The result is a one sided recovery. The latest data shows that while big businesses have returned to their pre-recession levels of two years ago, small business still remain over 28% higher (paying bills later) than our October ’07 report numbers. Simply put, small businesses are still paying slower than big businesses in an effort to manage their cash flow. Without any additional forms of lending at their disposal, slowing payments is their last resort. The gap, while narrowing slightly in our October Report, still stands at over 38% slower for small businesses as compared to big businesses.
Source: Cortera
Posted in Days Beyond Terms (DBT), SBI, Small Business, Small Business Index
Permalink: http://www.cortera.com/stats/2009/11/10/small-business-index-monthly-average-dbt-trend/
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November 2nd, 2009 by Alex Cote, Cortera
Cortera’s Supply Chain Index™ (SCI) is a measure of financial confidence. The flow of money through the supply chain is as crucial as the flow of goods. While the flow of goods is driven by sales, the flow of money is largely influenced by a company’s confidence that those sales will continue. Strong confidence in sales normally spurs companies to invest in growth initiatives. On the other hand, a lack of confidence in sales causes companies to conserve cash and slow payments to suppliers.
Source: Cortera
Posted in 12 Month Trend, Days Beyond Terms (DBT), Supply Chain Index
Permalink: http://www.cortera.com/stats/2009/11/02/supply-chain-monthly-average-dbt-trend-includes-manufacturing-wholesale-distribution-retail/
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October 12th, 2009 by Alex Cote, Cortera
National Averages
September National Business Past Due: 16.99% Business Accounts Receivable Debt Greater Than 90 Days Past Due: 5.99% August ‘09 Unemployment: 9.70%
Source: Cortera
Posted in Best and Worst States, Geographic Stats, Past Due by State
Permalink: http://www.cortera.com/stats/2009/10/12/business-accounts-receivable-debt-past-due-by-state-september-2009/
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September 10th, 2009 by Alex Cote, Cortera
National Averages
Past Due: 17.3% Qualifiers: 4.21% Accounts in Collections: 3.88% Business Accounts Receivable Debt Greater Than 90 Days Past Due: 5.66% A/R % July‘09 Unemployment: 9.40%
Source: Cortera
Posted in Geographic Stats, Past Due by State
Permalink: http://www.cortera.com/stats/2009/09/10/business-accounts-receivable-debt-past-due-by-state-august-2009/
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September 10th, 2009 by Alex Cote, Cortera
National Averages
Qualifiers: 4.21% Accounts in Collections: 3.88% Business Accounts Receivable Debt Greater Than 90 Days Past Due: 5.66% A/R % Past Due: 17.3% July‘09 Unemployment: 9.40%
Source: Cortera
Posted in Geographic Stats, Qualifiers
Permalink: http://www.cortera.com/stats/2009/09/10/presence-of-business-qualifiers-includes-liens-judgments-bankruptcy-and-placed-for-collections-by-state-august-2009/
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