SlideShare a Scribd company logo

The State of Small Business Cash Flow

In an effort to better understand the behaviors, attitudes and cash flow challenges experienced by small businesses and self-employed professionals around the world, Intuit QuickBooks released the “The State of Small Business Cash Flow” Report.

1 of 6
Download to read offline
State of Small Business Cash Flow
Survey Fact Sheet
Cash flow is the lifeblood of success - small businesses and self-employed workers must constantly
be aware of their cash flow status. And while money is the fuel that runs their business and next
decision, it is also the reason they go out of business, it’s the thing they lose sleep over. To better
understand the struggles small businesses and the self-employed face when it comes to cash
flow, how it impacts them and their attitudes, Intuit conducted a study with Wakefield Research,
surveying 3,000 small business owners of companies with 0-100 employees in the U.S., UK,
Australia, Canada and India.
The State of Small Business Cash Flow
• 	 69% of small business owners have been kept up at night by concerns about cash flow.
• 	 On average, U.S. small business owners have lost $43,394 by foregoing a project or sales
	 specifically due to issues created by insufficient cash flow.
• 	 More than half (52%) of U.S. small business owners’ companies have lost $10,000 or more
	 by foregoing a project or sales specifically due to issues created by insufficient cash flow.
• 	 Among those who reported issues, more than 2 in 5 (42%) of small business owners’
	 companies have experienced cash flow issues in the last year.
• 	 61% of small businesses regularly struggle with cash flow.
• 	 Among those small business owners who have had cash flow issues, nearly a third (32%)
	 have been unable to either pay vendors, pay loans, or pay themselves or employees.
Managing Receivables
•	 A third (33%) of U.S. small business owners estimate their company currently has more than
	 $20,000 in outstanding receivables.
•	 U.S. small businesses average $53,399 in outstanding receivables.
What’s Driving Cash Flow Problems for the
Self-Employed and Small Businesses
53%
47%
66%
34%
Managing Payments
•	 More than half (53%) of small business companies invoice - billing customers for
	 goods/services on a specific date, compared to 47% that utilize advanced payment - charging
	 customers for goods/services before, or at the time of receiving them.
•	 Nearly two thirds (66%) of small business owners report that the time it takes the money to
	 process after receiving a payment has the largest impact on their company’s cash flow, compared
	 to not getting paid by customers or clients within the terms of the payment system (34%).
•	 Nearly a third (31%) of small business owners estimate it takes more than 30 days to get
	 paid, for example, by customers, clients, vendors or banks. The average wait is 29 days.
Employee Management
•	 Among those who have had cash flow issues, more than 2 in 5 (43%) of small business owners
	 frequently have been at risk of not being able to pay their employees by payday.
•	 Nearly a third (32%) of small business owners have paid their employees late when at risk of
	 not being able to pay their employees by payday.
•	 More than 3 in 4 (77%) of small business owners who aren’t self-employed agree paying
	 employees same-day would help their company manage cash flow more accurately.
Getting Capital
•	 More than 3 in 5 (61%) U.S. small business owners have applied for a loan for their business.
•	 U.S. small business owners who work for themselves (71%) are more likely than those with 1-49
	employees (39%) and those with 50+ employees (27%) to have never applied for a loan for
	 their company.
•	 Nearly 3 in 5 (55%) U.S. small business owners have not applied for a loan for their business
	 because they didn’t think they would need it.
•	 Other reasons for not seeking a loan are interest rates were too high (29%), they didn’t
	 want to make payments (23%) and they didn’t think they would be approved (19%).

Recommended

Benefits of Accounts Payable Management Services
Benefits of Accounts Payable Management ServicesBenefits of Accounts Payable Management Services
Benefits of Accounts Payable Management ServicesShanmuga Priya
 
Measuring Customer Satisfaction
Measuring Customer SatisfactionMeasuring Customer Satisfaction
Measuring Customer SatisfactionMARY MALASZEK
 
Introduction to Supply Chain Finance
Introduction to Supply Chain FinanceIntroduction to Supply Chain Finance
Introduction to Supply Chain FinanceSteve Keifer
 
Crm implementation in insurance sector
Crm implementation in insurance sectorCrm implementation in insurance sector
Crm implementation in insurance sectorRahul Gupta
 
Improve the performance of debt management lean / six sigma
Improve the performance of debt management lean / six sigma Improve the performance of debt management lean / six sigma
Improve the performance of debt management lean / six sigma Simon Misiewicz
 
Customer Loyalty and Retention strategies
Customer Loyalty and Retention strategiesCustomer Loyalty and Retention strategies
Customer Loyalty and Retention strategiesDung Tri
 
Cold Calling Scripts for Recruiters
Cold Calling Scripts for RecruitersCold Calling Scripts for Recruiters
Cold Calling Scripts for RecruitersTop Echelon
 

More Related Content

What's hot

Debt Collecting Presentation
Debt Collecting PresentationDebt Collecting Presentation
Debt Collecting Presentationdebtcollecction
 
So you want a mortgage loan seminar
So you want a mortgage loan seminarSo you want a mortgage loan seminar
So you want a mortgage loan seminarFloyd Saunders
 
Customer Relationship Management
Customer Relationship ManagementCustomer Relationship Management
Customer Relationship ManagementDr. Praveen Pillai
 
Rajat flipkart project
Rajat flipkart project  Rajat flipkart project
Rajat flipkart project Rajat Baranwal
 
Customer Relationship Management
Customer Relationship ManagementCustomer Relationship Management
Customer Relationship ManagementJoveria Beg
 
Customer lifetime value ppttt
Customer lifetime value pptttCustomer lifetime value ppttt
Customer lifetime value pptttJaswinder Singh
 
Supply Chain Management of Amazon India
Supply Chain Management of Amazon IndiaSupply Chain Management of Amazon India
Supply Chain Management of Amazon IndiaAbhisek Khatua
 
Scoring High on the Supply Chain Maturity Model
Scoring High on the Supply Chain Maturity ModelScoring High on the Supply Chain Maturity Model
Scoring High on the Supply Chain Maturity Modelaconris
 
Customer Relationship Management
Customer Relationship ManagementCustomer Relationship Management
Customer Relationship ManagementKhawaja Naveed
 
procurement and outsourcing strategies.ppt
procurement and outsourcing strategies.pptprocurement and outsourcing strategies.ppt
procurement and outsourcing strategies.pptRenu Lamba
 
QWE Inc Report_Group 2
QWE Inc Report_Group 2QWE Inc Report_Group 2
QWE Inc Report_Group 2Xinyu Liu
 

What's hot (20)

Debt Collecting Presentation
Debt Collecting PresentationDebt Collecting Presentation
Debt Collecting Presentation
 
Digital Bancassurance Models
Digital Bancassurance ModelsDigital Bancassurance Models
Digital Bancassurance Models
 
ppt of crm
ppt of crmppt of crm
ppt of crm
 
So you want a mortgage loan seminar
So you want a mortgage loan seminarSo you want a mortgage loan seminar
So you want a mortgage loan seminar
 
Customer Relationship Management
Customer Relationship ManagementCustomer Relationship Management
Customer Relationship Management
 
Collections Overview
Collections OverviewCollections Overview
Collections Overview
 
Customer retention
Customer retentionCustomer retention
Customer retention
 
E-Global Business.doc
E-Global Business.docE-Global Business.doc
E-Global Business.doc
 
Questionnaire on Financial Consumer Protection measures re COVID-19- Summary ...
Questionnaire on Financial Consumer Protection measures re COVID-19- Summary ...Questionnaire on Financial Consumer Protection measures re COVID-19- Summary ...
Questionnaire on Financial Consumer Protection measures re COVID-19- Summary ...
 
Chapter 7 e crm
Chapter 7 e crmChapter 7 e crm
Chapter 7 e crm
 
Rajat flipkart project
Rajat flipkart project  Rajat flipkart project
Rajat flipkart project
 
Customer Relationship Management
Customer Relationship ManagementCustomer Relationship Management
Customer Relationship Management
 
Customer lifetime value ppttt
Customer lifetime value pptttCustomer lifetime value ppttt
Customer lifetime value ppttt
 
Supply Chain Management of Amazon India
Supply Chain Management of Amazon IndiaSupply Chain Management of Amazon India
Supply Chain Management of Amazon India
 
The Mortgage Process
The Mortgage ProcessThe Mortgage Process
The Mortgage Process
 
Scoring High on the Supply Chain Maturity Model
Scoring High on the Supply Chain Maturity ModelScoring High on the Supply Chain Maturity Model
Scoring High on the Supply Chain Maturity Model
 
Customer Relationship Management
Customer Relationship ManagementCustomer Relationship Management
Customer Relationship Management
 
procurement and outsourcing strategies.ppt
procurement and outsourcing strategies.pptprocurement and outsourcing strategies.ppt
procurement and outsourcing strategies.ppt
 
PC1-REDA2-GRUPO11.docx
PC1-REDA2-GRUPO11.docxPC1-REDA2-GRUPO11.docx
PC1-REDA2-GRUPO11.docx
 
QWE Inc Report_Group 2
QWE Inc Report_Group 2QWE Inc Report_Group 2
QWE Inc Report_Group 2
 

Similar to The State of Small Business Cash Flow

Financing Small Business Success: The Rise of Online Lending
Financing Small Business Success: The Rise of Online LendingFinancing Small Business Success: The Rise of Online Lending
Financing Small Business Success: The Rise of Online LendingIntuit Inc.
 
globalca-panel-final
globalca-panel-finalglobalca-panel-final
globalca-panel-finalJim Faith
 
Microfinance In Our Backyard
Microfinance In Our BackyardMicrofinance In Our Backyard
Microfinance In Our BackyardACCION East
 
ACCION USA: Microfinance at Work in the United States
ACCION USA: Microfinance at Work in the United StatesACCION USA: Microfinance at Work in the United States
ACCION USA: Microfinance at Work in the United StatesACCION East
 
Nonprofits & Fraud: Protecting the People You Serve
Nonprofits & Fraud: Protecting the People You ServeNonprofits & Fraud: Protecting the People You Serve
Nonprofits & Fraud: Protecting the People You ServeMcKonly & Asbury, LLP
 
ACCION USA: Microfinance at Work in the United States
ACCION USA: Microfinance at Work in the United StatesACCION USA: Microfinance at Work in the United States
ACCION USA: Microfinance at Work in the United StatesACCION East
 
INFOGRAPHIC - MaximizingOrganizationalESP
INFOGRAPHIC - MaximizingOrganizationalESPINFOGRAPHIC - MaximizingOrganizationalESP
INFOGRAPHIC - MaximizingOrganizationalESPMarc Baskin
 
Breaking Up is Hard to Do: Small Businesses’ Love Affair with Checks
Breaking Up is Hard to Do: Small Businesses’ Love Affair with ChecksBreaking Up is Hard to Do: Small Businesses’ Love Affair with Checks
Breaking Up is Hard to Do: Small Businesses’ Love Affair with ChecksVivastream
 
Understanding credit
Understanding creditUnderstanding credit
Understanding creditNick Wolff
 
The Challenges and Opportunities of SME Finance
The Challenges and Opportunities of SME FinanceThe Challenges and Opportunities of SME Finance
The Challenges and Opportunities of SME FinanceSME Finance Forum
 
League of SECUs Presentation_LKitsch
League of SECUs Presentation_LKitschLeague of SECUs Presentation_LKitsch
League of SECUs Presentation_LKitschrealsolutions
 
Mehran business builder 5-25-05
Mehran business builder 5-25-05Mehran business builder 5-25-05
Mehran business builder 5-25-05Curt Biggs
 
State of Small Business – Growth and Success Report
State of Small Business – Growth and Success ReportState of Small Business – Growth and Success Report
State of Small Business – Growth and Success ReportIntuit Inc.
 
#TEDxMS 2013 : Individuals Changing Lives One Loan at a Time via KIVA
#TEDxMS 2013 : Individuals Changing Lives One Loan at a Time  via KIVA#TEDxMS 2013 : Individuals Changing Lives One Loan at a Time  via KIVA
#TEDxMS 2013 : Individuals Changing Lives One Loan at a Time via KIVASulin Lau
 
Credit Repair Education for Libraries 6.15.19
Credit Repair Education for Libraries  6.15.19Credit Repair Education for Libraries  6.15.19
Credit Repair Education for Libraries 6.15.19Victor Johnson
 

Similar to The State of Small Business Cash Flow (20)

Financing Small Business Success: The Rise of Online Lending
Financing Small Business Success: The Rise of Online LendingFinancing Small Business Success: The Rise of Online Lending
Financing Small Business Success: The Rise of Online Lending
 
globalca-panel-final
globalca-panel-finalglobalca-panel-final
globalca-panel-final
 
Microfinance In Our Backyard
Microfinance In Our BackyardMicrofinance In Our Backyard
Microfinance In Our Backyard
 
Emerge ing
Emerge ingEmerge ing
Emerge ing
 
ACCION USA: Microfinance at Work in the United States
ACCION USA: Microfinance at Work in the United StatesACCION USA: Microfinance at Work in the United States
ACCION USA: Microfinance at Work in the United States
 
Nonprofits & Fraud: Protecting the People You Serve
Nonprofits & Fraud: Protecting the People You ServeNonprofits & Fraud: Protecting the People You Serve
Nonprofits & Fraud: Protecting the People You Serve
 
ACCION USA: Microfinance at Work in the United States
ACCION USA: Microfinance at Work in the United StatesACCION USA: Microfinance at Work in the United States
ACCION USA: Microfinance at Work in the United States
 
INFOGRAPHIC - MaximizingOrganizationalESP
INFOGRAPHIC - MaximizingOrganizationalESPINFOGRAPHIC - MaximizingOrganizationalESP
INFOGRAPHIC - MaximizingOrganizationalESP
 
Breaking Up is Hard to Do: Small Businesses’ Love Affair with Checks
Breaking Up is Hard to Do: Small Businesses’ Love Affair with ChecksBreaking Up is Hard to Do: Small Businesses’ Love Affair with Checks
Breaking Up is Hard to Do: Small Businesses’ Love Affair with Checks
 
Understanding credit
Understanding creditUnderstanding credit
Understanding credit
 
The Challenges and Opportunities of SME Finance
The Challenges and Opportunities of SME FinanceThe Challenges and Opportunities of SME Finance
The Challenges and Opportunities of SME Finance
 
League of SECUs Presentation_LKitsch
League of SECUs Presentation_LKitschLeague of SECUs Presentation_LKitsch
League of SECUs Presentation_LKitsch
 
Mehran business builder 5-25-05
Mehran business builder 5-25-05Mehran business builder 5-25-05
Mehran business builder 5-25-05
 
State of Small Business – Growth and Success Report
State of Small Business – Growth and Success ReportState of Small Business – Growth and Success Report
State of Small Business – Growth and Success Report
 
ENT MERGED.ppt
ENT MERGED.pptENT MERGED.ppt
ENT MERGED.ppt
 
Whats On Their Minds
Whats On Their MindsWhats On Their Minds
Whats On Their Minds
 
Small Business - What's on Their Minds
Small Business - What's on Their MindsSmall Business - What's on Their Minds
Small Business - What's on Their Minds
 
Have we misunderstood microcredit?
Have we misunderstood microcredit?Have we misunderstood microcredit?
Have we misunderstood microcredit?
 
#TEDxMS 2013 : Individuals Changing Lives One Loan at a Time via KIVA
#TEDxMS 2013 : Individuals Changing Lives One Loan at a Time  via KIVA#TEDxMS 2013 : Individuals Changing Lives One Loan at a Time  via KIVA
#TEDxMS 2013 : Individuals Changing Lives One Loan at a Time via KIVA
 
Credit Repair Education for Libraries 6.15.19
Credit Repair Education for Libraries  6.15.19Credit Repair Education for Libraries  6.15.19
Credit Repair Education for Libraries 6.15.19
 

More from Intuit Inc.

Small Business in the Age of AI
Small Business in the Age of AI Small Business in the Age of AI
Small Business in the Age of AI Intuit Inc.
 
Get financially Fit: Tips for Using QuickBooks
Get financially Fit: Tips for Using QuickBooksGet financially Fit: Tips for Using QuickBooks
Get financially Fit: Tips for Using QuickBooksIntuit Inc.
 
SEO, Social, and More: Digital Marketing for your Business
SEO, Social, and More: Digital Marketing for your BusinessSEO, Social, and More: Digital Marketing for your Business
SEO, Social, and More: Digital Marketing for your BusinessIntuit Inc.
 
Why Building Your Brand is Key to Getting Customers
Why Building Your Brand is Key to Getting CustomersWhy Building Your Brand is Key to Getting Customers
Why Building Your Brand is Key to Getting CustomersIntuit Inc.
 
Get Found Fast: Google AdWords Strategies for Growth
Get Found Fast: Google AdWords Strategies for GrowthGet Found Fast: Google AdWords Strategies for Growth
Get Found Fast: Google AdWords Strategies for GrowthIntuit Inc.
 
Giving Clients What They Want
Giving Clients What They WantGiving Clients What They Want
Giving Clients What They WantIntuit Inc.
 
What Accounting Will Look Like in 2030
What Accounting Will Look Like in 2030What Accounting Will Look Like in 2030
What Accounting Will Look Like in 2030Intuit Inc.
 
Pricing in the Digital Age
Pricing in the Digital Age Pricing in the Digital Age
Pricing in the Digital Age Intuit Inc.
 
Handbook: Power Panel on Apps you need to give you more time to serve your cl...
Handbook: Power Panel on Apps you need to give you more time to serve your cl...Handbook: Power Panel on Apps you need to give you more time to serve your cl...
Handbook: Power Panel on Apps you need to give you more time to serve your cl...Intuit Inc.
 
Handbook: Advanced QuickBooks Online - Handling Tricky Transactions
Handbook: Advanced QuickBooks Online - Handling Tricky TransactionsHandbook: Advanced QuickBooks Online - Handling Tricky Transactions
Handbook: Advanced QuickBooks Online - Handling Tricky TransactionsIntuit Inc.
 
Advanced QuickBooks Online - Handling Tricky Transactions
Advanced QuickBooks Online - Handling Tricky TransactionsAdvanced QuickBooks Online - Handling Tricky Transactions
Advanced QuickBooks Online - Handling Tricky TransactionsIntuit Inc.
 
Handling tricky transactions in QuickBooks Online
Handling tricky transactions in QuickBooks OnlineHandling tricky transactions in QuickBooks Online
Handling tricky transactions in QuickBooks OnlineIntuit Inc.
 
Social media is social business
Social media is social business  Social media is social business
Social media is social business Intuit Inc.
 
Conversation guide: Forming deep relationships with your clients
Conversation guide: Forming deep relationships with your clientsConversation guide: Forming deep relationships with your clients
Conversation guide: Forming deep relationships with your clientsIntuit Inc.
 
Making tax digital
Making tax digital  Making tax digital
Making tax digital Intuit Inc.
 
Giving clients what they want
Giving clients what they want Giving clients what they want
Giving clients what they want Intuit Inc.
 
100 percent cloud your action plan for success
100 percent cloud your action plan for success 100 percent cloud your action plan for success
100 percent cloud your action plan for success Intuit Inc.
 
Attracting and retaining top talent
Attracting and retaining top talent Attracting and retaining top talent
Attracting and retaining top talent Intuit Inc.
 
Sales strategies to help you close the deal
Sales strategies to help you close the dealSales strategies to help you close the deal
Sales strategies to help you close the dealIntuit Inc.
 
How to use Google AdWords to drive traffic to your business
How to use Google AdWords to drive traffic to your businessHow to use Google AdWords to drive traffic to your business
How to use Google AdWords to drive traffic to your businessIntuit Inc.
 

More from Intuit Inc. (20)

Small Business in the Age of AI
Small Business in the Age of AI Small Business in the Age of AI
Small Business in the Age of AI
 
Get financially Fit: Tips for Using QuickBooks
Get financially Fit: Tips for Using QuickBooksGet financially Fit: Tips for Using QuickBooks
Get financially Fit: Tips for Using QuickBooks
 
SEO, Social, and More: Digital Marketing for your Business
SEO, Social, and More: Digital Marketing for your BusinessSEO, Social, and More: Digital Marketing for your Business
SEO, Social, and More: Digital Marketing for your Business
 
Why Building Your Brand is Key to Getting Customers
Why Building Your Brand is Key to Getting CustomersWhy Building Your Brand is Key to Getting Customers
Why Building Your Brand is Key to Getting Customers
 
Get Found Fast: Google AdWords Strategies for Growth
Get Found Fast: Google AdWords Strategies for GrowthGet Found Fast: Google AdWords Strategies for Growth
Get Found Fast: Google AdWords Strategies for Growth
 
Giving Clients What They Want
Giving Clients What They WantGiving Clients What They Want
Giving Clients What They Want
 
What Accounting Will Look Like in 2030
What Accounting Will Look Like in 2030What Accounting Will Look Like in 2030
What Accounting Will Look Like in 2030
 
Pricing in the Digital Age
Pricing in the Digital Age Pricing in the Digital Age
Pricing in the Digital Age
 
Handbook: Power Panel on Apps you need to give you more time to serve your cl...
Handbook: Power Panel on Apps you need to give you more time to serve your cl...Handbook: Power Panel on Apps you need to give you more time to serve your cl...
Handbook: Power Panel on Apps you need to give you more time to serve your cl...
 
Handbook: Advanced QuickBooks Online - Handling Tricky Transactions
Handbook: Advanced QuickBooks Online - Handling Tricky TransactionsHandbook: Advanced QuickBooks Online - Handling Tricky Transactions
Handbook: Advanced QuickBooks Online - Handling Tricky Transactions
 
Advanced QuickBooks Online - Handling Tricky Transactions
Advanced QuickBooks Online - Handling Tricky TransactionsAdvanced QuickBooks Online - Handling Tricky Transactions
Advanced QuickBooks Online - Handling Tricky Transactions
 
Handling tricky transactions in QuickBooks Online
Handling tricky transactions in QuickBooks OnlineHandling tricky transactions in QuickBooks Online
Handling tricky transactions in QuickBooks Online
 
Social media is social business
Social media is social business  Social media is social business
Social media is social business
 
Conversation guide: Forming deep relationships with your clients
Conversation guide: Forming deep relationships with your clientsConversation guide: Forming deep relationships with your clients
Conversation guide: Forming deep relationships with your clients
 
Making tax digital
Making tax digital  Making tax digital
Making tax digital
 
Giving clients what they want
Giving clients what they want Giving clients what they want
Giving clients what they want
 
100 percent cloud your action plan for success
100 percent cloud your action plan for success 100 percent cloud your action plan for success
100 percent cloud your action plan for success
 
Attracting and retaining top talent
Attracting and retaining top talent Attracting and retaining top talent
Attracting and retaining top talent
 
Sales strategies to help you close the deal
Sales strategies to help you close the dealSales strategies to help you close the deal
Sales strategies to help you close the deal
 
How to use Google AdWords to drive traffic to your business
How to use Google AdWords to drive traffic to your businessHow to use Google AdWords to drive traffic to your business
How to use Google AdWords to drive traffic to your business
 

The State of Small Business Cash Flow

  • 1. State of Small Business Cash Flow Survey Fact Sheet Cash flow is the lifeblood of success - small businesses and self-employed workers must constantly be aware of their cash flow status. And while money is the fuel that runs their business and next decision, it is also the reason they go out of business, it’s the thing they lose sleep over. To better understand the struggles small businesses and the self-employed face when it comes to cash flow, how it impacts them and their attitudes, Intuit conducted a study with Wakefield Research, surveying 3,000 small business owners of companies with 0-100 employees in the U.S., UK, Australia, Canada and India.
  • 2. The State of Small Business Cash Flow • 69% of small business owners have been kept up at night by concerns about cash flow. • On average, U.S. small business owners have lost $43,394 by foregoing a project or sales specifically due to issues created by insufficient cash flow. • More than half (52%) of U.S. small business owners’ companies have lost $10,000 or more by foregoing a project or sales specifically due to issues created by insufficient cash flow. • Among those who reported issues, more than 2 in 5 (42%) of small business owners’ companies have experienced cash flow issues in the last year. • 61% of small businesses regularly struggle with cash flow. • Among those small business owners who have had cash flow issues, nearly a third (32%) have been unable to either pay vendors, pay loans, or pay themselves or employees.
  • 3. Managing Receivables • A third (33%) of U.S. small business owners estimate their company currently has more than $20,000 in outstanding receivables. • U.S. small businesses average $53,399 in outstanding receivables. What’s Driving Cash Flow Problems for the Self-Employed and Small Businesses
  • 4. 53% 47% 66% 34% Managing Payments • More than half (53%) of small business companies invoice - billing customers for goods/services on a specific date, compared to 47% that utilize advanced payment - charging customers for goods/services before, or at the time of receiving them. • Nearly two thirds (66%) of small business owners report that the time it takes the money to process after receiving a payment has the largest impact on their company’s cash flow, compared to not getting paid by customers or clients within the terms of the payment system (34%). • Nearly a third (31%) of small business owners estimate it takes more than 30 days to get paid, for example, by customers, clients, vendors or banks. The average wait is 29 days.
  • 5. Employee Management • Among those who have had cash flow issues, more than 2 in 5 (43%) of small business owners frequently have been at risk of not being able to pay their employees by payday. • Nearly a third (32%) of small business owners have paid their employees late when at risk of not being able to pay their employees by payday. • More than 3 in 4 (77%) of small business owners who aren’t self-employed agree paying employees same-day would help their company manage cash flow more accurately.
  • 6. Getting Capital • More than 3 in 5 (61%) U.S. small business owners have applied for a loan for their business. • U.S. small business owners who work for themselves (71%) are more likely than those with 1-49 employees (39%) and those with 50+ employees (27%) to have never applied for a loan for their company. • Nearly 3 in 5 (55%) U.S. small business owners have not applied for a loan for their business because they didn’t think they would need it. • Other reasons for not seeking a loan are interest rates were too high (29%), they didn’t want to make payments (23%) and they didn’t think they would be approved (19%).