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The State of Small Business Debt in 2024: Insights from Global Data

Burt and Associates

High Levels of Unpaid Invoices According to the Findex report , overdue invoices are a leading cause of business debt : 80% of small businesses experience late payments. Implementing a strong accounts receivable process, setting clear payment terms, and working with a commercial collection agency can ensure faster payment recovery.

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Understanding Forbearance in Financial Contexts

Burt and Associates

For individual mortgages or business loans, forbearance agreements can facilitate financial stability during challenging periods, fostering a cooperative debt management and recovery approach. At Burt and Associates, we help businesses recover overdue accounts with a respectful, results-driven approach to commercial debt recovery.

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The Role of Tariffs in Small Business Debt

Burt and Associates

Economic Uncertainty and Its Impact on Small Business Debt Economic uncertainty remains a significant concern for small business owners in 2025. In 2025, small businesses are navigating an increasingly complex financial landscape marked by economic uncertainty, evolving trade policies, and fluctuating market conditions.

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