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Late payments still afflicting businesses: why debt recovery should be taken seriously

CSA

Recent research by trade credit insurer Atradius reported by Credit Connect in December (? Debt collection agencies are well versed in showing empathy and flexibility in the recovery of monies from customers and have the skills and professionalism to signpost firms to get advice and help appropriately. 8 in Every ?100

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The State of Small Business Debt in 2024: Insights from Global Data

Burt and Associates

The Rise in Business Borrowing The Global Findex Database reports that in 2021, nearly 45% of small businesses relied on credit to finance operations , with many turning to banks, alternative lenders, and trade credit. Trade Credit : Suppliers extend longer payment terms , leading to higher outstanding receivables.