Fundbox Reveals How $825B In Unpaid Invoices Stagnates U.S. Small Businesses
Data Analysis of 39M Invoices Shows Crippling Economic Impact of Unpaid Invoices
Cash flow gaps from unpaid invoices are often cited as the most challenging hurdle for SMBs. Looking back at 12 months of data, Fundbox analysis found that 22 percent of invoices are unpaid at any given time. This equates to $84,000 per small business in unpaid invoices. In some cases they never receive payment.
Small businesses are a critical growth engine of the economy. When they don’t get paid, the entire economy slows down. This study is further validation of market demand for technologies like Fundbox that offer small business owners solutions to cash flow problems.