When small businesses sneeze, we all catch a cold.

We’ve served thousands of small businesses, and we learned a lot about the impact of their unpaid invoices. The numbers are huge:

  • The value of small business unpaid invoices is $825 billion—equivalent to 5% of U.S. GDP. [Tweet this]
  • It takes the average small business 21 days to get paid. [Tweet this]
  • 81% of small business invoices are 30 days past due. [Tweet this]

How does your business compare?

The Economic Value of Unpaid Invoices

Worried about unpaid invoices? We can help. Log into Fundbox.

 

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Author: Fundbox Team

Published: November 15, 2016

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