| UK Late Pay Epidemic Looms Over Xmas Season The U.K. seems to be the epicenter of the late payments epidemic â and new stats bear out the cost to the tune of billions of pounds. As firms close their doors for a break over the Christmas holiday season, the ripple effects of payment terms that are stretched out even longer will be felt by small businesses across the country. |
| Rising Delinquency Rates Dampen Reports Of Stronger Business Performance Fewer businesses are failing this year than last year, according to a new Dun & Bradstreet (D&B) analysis. It's certainly a positive sign, and correlates to a strengthening U.S. economy and record levels of optimism. Yet, D&B also finds that late payments and delinquencies are on the rise, surpassing 3 percent in Q3. |
| | SMB Finance | | How Open Banking Opens Doors For Alternative SMB Lenders FinTech has opened the floodgates for the alternative small business financing market, yet big banks remain borrowers' first destination when seeking financing. Ciarán Burke, co-founder and COO of Swoop, tells PYMNTS about the biggest mistakes SMBs can make when they decide they need a loan. Luckily, he says, industry trends like Open Banking present new opportunities to link SMB borrowers to the financing they need. |
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