Better Cash Flow
Cash flow is critical to small businesses. Only half of all businesses are cash flow positive at any one time.
When large businesses do not pay their bills on time or in a timely manner, then small businesses with limited working capital are the ones who suffer.
The Government promised Government departments would pay their bills faster, but there are still numerous reports of slow and late payments, which is hampering the cash flow of small businesses across New Zealand.
- National will guarantee all Government departments and Government agencies pay their contractors on time and within seven days.
- National will establish a ‘Small Business Payments Guarantee’ - a voluntary initiative committing large New Zealand businesses and not-for-profits to ensure New Zealand small businesses are paid on time and within 30 days.
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