While small businesses across the globe face pressing cash flow challenges, in the Netherlands, small suppliers’ payment cycles were already feeling the squeeze before coronavirus disruption.
Researchers at Atradius released findings last October that found a spike in the percentage of surveyed small businesses selling to their corporate customers on credit, from 38.6% in 2018, to 59.5% in 2019.
Average payment terms increased, and average payment delays heightened to 10 days past-due — meaning small- and medium-sized businesses (SMEs) in the country typically wait over a month to see their invoices settled.