While unpaid invoices can be a burden for every business, outstanding accounts can be especially crippling for small businesses that rely on the revenue stream that is generated from every good sold or service rendered. When account holders become delinquent in payments or simply don’t pay, the burden of debt can create financial stress that can directly impact a business’ ability to retain staff, meet the demands of overhead expenses, effectively manage the supply chain, and keep the doors open.
In the case of small businesses, the time it takes to recover overdue funds is critical and many small businesses have long-term relationships with both customers and suppliers. An uninterrupted supply chain is the foundation of business and owners cannot afford unnecessary expenses, delays, and disruptions caused by a lack of cash flow caused by delinquent accounts receivable. Once you partner with our law firm, we immediately take strategic actions to get the collections process underway. We employ a respectful and empathetic approach to recovering past-due accounts to keep small business relationships intact during the collections process to protect your brand, improve customer retention, and increase financial flow.