For many small businesses, slow payments are a fact of life.

We surveyed small businesses in the U.S. to understand exactly how unpaid invoices affect their growth. For example, nearly a quarter of American SMBs freeze hiring when cash flow is slow.

The opportunity cost is huge:

  • If all small businesses were paid for all of their unpaid invoices, they could hire 2.1 million incremental employees. [Tweet this]
  • 79% of small business owners choose to cut their own pay when customer payments are slow [Tweet this]
  • If small businesses were paid for all of their unpaid invoices, business owners could pay themselves an incremental $31k on average [Tweet this]

How does your business compare?

6 ways slow payments affect small business Fundbox infographic

 

Tired of paying the price for slow payments? We can help. Sign up for Fundbox.

 

  1. Small Business Hiring

  • 23% of small businesses cut hiring new employees when customer payments are slow [Tweet this]
  • If all small businesses were paid for all of their unpaid invoices, they could hire 2.1 million incremental employees. [Tweet this]
  1. Business Owners Take a Pay Cut

  • 79% of small business owners choose to cut their own pay when customer payments are slow [Tweet this]
  • If small businesses were paid for all of their unpaid invoices, business owners could pay themselves an incremental $31k on average [Tweet this]
  1. No New Equipment

  • 23% of small businesses would hold off on buying new equipment if customer payments were slow [Tweet this]
  • If small businesses were paid for all of their unpaid invoices, they could purchase an average of $9.2k in new equipmentt [Tweet this]
  1. Reduced Marketing Budget

  • 20% of small businesses cut marketing and growth efforts when customer payments are slow [Tweet this]
  • If small businesses were paid for all of their unpaid invoices, they could invest $8.3k more in marketing and growth [Tweet this]
  1. Payroll Takes a Hit

  • 18% of small businesses hold back on pay increases when customer payments are slow [Tweet this]
  • If small businesses were paid for all of their unpaid invoices, they could spend $7.4k more on employee salaries [Tweet this]
  1. Decreased Inventory

  • 17% of small businesses cut spending on inventory when customer payments are slow [Tweet this]
  • If small businesses were paid for all of their unpaid invoices, they could invest an incremental $6.7k in inventory [Tweet this]

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Giving business owners access to Fundbox Credit to overcome timely cash flow gaps. Fundbox technology offers small business owners business financing in a few clicks by advancing payments for outstanding invoices or simply drawing funds directly from their Fundbox Credit™.