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Late payments may be the talk of the town in the U.K., but in the U.S., the issue of late supplier payments remains a silent threat to many SMEs, too. The latest research from alt lender and cash flow management platform Fundbox, released last week, made that threat abundantly clear.
Earlier analysis from Fundbox revealed that an estimated $825 billion remains unpaid in supplier invoices across the U.S. Its latest report found that 79 percent of small business owners can’t pay themselves because they are getting paid late by their corporate buyers.