Core Insights Blog

Florida on Top of Business Late Payments by State, Michigan a Close Number Two

It’s not exactly the title you want to win, but Florida businesses on average are the slowest at paying their invoices in the nation. According to Cortera’s monthly report on businesses accounts receivable debt past due by state for September 2010, Florida businesses are 23.91% past due making them the slowest in the country. Michigan came in number two at 23%. On the bright side, businesses in states like Alaska, Wyoming and Maine remain below 10% past due. The top 10 lists are below.

Top 10 States with the most amount of businesses accounts receivable debt past due (September 2010)

State % Business A/R Debt Past Due
Florida 23.91%
Michigan 23.00%
Oregon 22.48%
Minnesota 22.41%
Illinois 21.75%
New Mexico 21.75%
Hawaii 21.54%
Indiana 21.19%
Washington 21.00%
Georgia 20.81%

Top 10 States with the least amount of businesses accounts receivable debt past due (September 2010)

State % Business A/R Debt Past Due
Alaska 6.90%
Wyoming 9.92%
Maine 9.93%
South Dakota 10.87%
Utah 10.92%
North Dakota 10.96%
Louisiana 11.23%
New Hampshire 11.88%
Mississippi 13.19%
Kansas 14.13%

The Cortera Past Due by State Report tracks late payments of businesses within each state against agreed upon terms, measuring the percentage of late accounts receivable by state. This monthly report of accounts receivable (A/R) activities by state measures the payment activities of approximately 20 million public and private business locations.

1 Star2 Stars3 Stars4 Stars5 Stars (1 votes, average: 5.00 out of 5)
Loading ... Loading ...

Leave a Reply