Less than 20% of small firms conduct credit checks: Report

More than 80% of small business decision-makers have experienced cashflow issues in the past year, according to a new survey, but only 17% conduct credit checks on new customers. The findings, which come from the latest Bibby Barometer Small Business Survey, reflect the views of 208 Australian small business owners, excluding retail businesses. […]

Michelle Hammond 01 October, 2012

More than 80% of small business decision-makers have experienced cashflow issues in the past year, according to a new survey, but only 17% conduct credit checks on new customers.

The findings, which come from the latest Bibby Barometer Small Business Survey, reflect the views of 208 Australian small business owners, excluding retail businesses.

For the purpose of the study, small businesses are classified as those with between five and 19 employees.

According to the survey, almost half (49%) of small business decision-makers are experiencing more difficult cashflow circumstances, compared to 43% six months ago.