Big Business tends to look at bad debt as a cost of doing business.  It is not “GOOD” but it is “expected” and baked into the pricing for goods and services.  Small Businesses though, rely on getting paid every time, sometimes, rely on it to the point of putting bread on the table.  They have been the backbone of Florida’s economy, and our national economy for as long as statistics have been kept.  As Florida Debt Collection Attorneys, we have seen first hand how hard these businesses work to be successful, and the ravaging impact even a single default can have on the stability of their business.

Do you own a small business or are you thinking of starting one? Then you are in great company. As per the U.S. Small Business Administration, there are 28.8 million small businesses in the U.S. with a total of 56.8 million employees. Businesses that have less than 500 employees are considered small businesses and they make up 99.7% of U.S businesses.

Because of their huge numbers and agencies such as the U.S Census Bureau, SBA and the National Small Business Association, there are plenty of small business statistics available. You can find out the stats on their failure rates, the part they play in the economy, how challenging it is to get an SBA loan and much more. If you are running a small business, you will find 15 small business stats in the mini series we’ll be publishing that you need to be familiar with.

If you are a small business, and laboring under receivables that are not paying, give us a call.  We focus our practice on collecting debt, and understand your need to “get paid”:.

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