Guess Which Mega Brand Makes Companies Wait 86 Days for Payments (Infographic)

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
Will be used in accordance with our Privacy Policy
Guess Which Mega Brand Makes Companies Wait 86 Days for Payments (Infographic)
Image credit: StockSnap.io
Guest Writer
CEO and Founder of Fundbox
1 min read
Opinions expressed by Entrepreneur contributors are their own.

Late payments, which lead to cash-flow gaps, is one of the biggest pain points facing small businesses today. It is mission critical for businesses to remain cash-flow positive so they can address key day-to-day operational needs, including payroll, rent or purchasing of inventory and supplies.    

At Fundbox, we analyzed 20 million invoices on our platform to better understand how and when small businesses get paid. The below infographic highlights the systemic problem of late payments and industries most affected. We also uncovered several Fortune 100 corporations who have long payment terms for their small-business vendors.

Related: 10 Ways to Avoid the 'Elephant in the Room': Not Getting Paid

Click to Enlarge+
late payment - invoice (Infographic)

 

Related: 12 Billing Mistakes That Make It Harder for Your Business to Get Paid

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Are you paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.

Latest on Entrepreneur

Entrepreneur Media, Inc. values your privacy. In order to understand how people use our site generally, and to create more valuable experiences for you, we may collect data about your use of this site (both directly and through our partners). By continuing to use this site, you are agreeing to the use of that data. For more information on our data policies, please visit our Privacy Policy.