Two thirds of small and medium sized business in Munster are using credit cards and overdrafts to facilitate cash flow.
That’s according to a research by independent invoice finance provider, Bibby Financial Services.
The figure shows 36% of SMEs in Munster use credit cards and 29% use overdrafts, which is ahead of the national average of 30% and 26%.
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The research shows the top financing issue for a third of Munster SMEs is chasing unpaid invoices, managing the daily cash flow, and the risk of a bad debt.
