Infographic: Unpaid Invoices have a Bigger Economic Impact than You Think
November 17, 2016
$825 billion. That’s a staggering number. $825 billion represents the dollar amount of unpaid invoices for US small businesses over a year-long period.
Fundbox, a tech company helping small business owners overcome short-term cash flow gaps, created the infographic below to illustrate the impact an unpaid invoice has on small businesses and, more importantly, the economy.
Besides the multibillion-dollar figure, here are our key takeaways:
- About half the American workforce is employed by small businesses and, on average, it takes 21 days for them to get paid
- But 81% of invoices for small businesses are 30 days past due
- Leaving the average small business with over $80,000 in unpaid invoices
Infographic via Fundbox.com
about the author
FreshBooks. Before joining the team, Megan was the Editor of a national trade publication and was also a contributor for the National Post, Notable.ca and Zoocasa.com. In her free time, you can find Megan in her empty, new home or Pinteresting “home decor inspiration.” Connect with her on LinkedIn.Megan Santos is a Content Editor at