Shocking business news from the Associated Press. AP reports that PAYDEX, an index that tracks how much time small businesses take to pay their bills, shows businesses are paying debts later and later.
Small businesses are increasingly paying bills 30 or 45 days late.
A 2014 study by Georgia Tech found that companies are taking an average of 46 days to pay major bills (in 2014), compared to 35 percent in 2009, “even though the economy was much healthier in 2014.”
