Delay in Payments Making Small Businesses Vulnerable

© MoneyBlogNewzAlmost 50% of small businesses have to wait a quarter of a year to get payments for services provided. According to the latest credit survey by ISME, 44% of the small businesses, have to wait for a period, of a minimum of three months, to receive payment. On an average, this wait period is 73 days, whereas for 14 % of the firms, it is a wait of 120 days or more. Mark Fielding, ISME chief executive, puts the onus of delay in payments, ...