I remember being squeezed from Net 30 to Net 45-60, which nowadays seems like a dream.

Large companies are extending their payment terms to even longer periods than in recent years. Are business owners receiving annual contracts or new business with payment terms of Net 60, 90, 120 days, or worse?

The worst I had was a Net 180 from a big client, but I was able to reduce it to Net 120 in less than a year.

EDIT: It’s a good discussion with feedback that’s validating. Clearly, different businesses and invoice amounts will matter. A $250 service call is different from a $10K-25K order, or a $50K invoice for monthly services. Large corporations i.e. $500m-$3b in revenue are squeezing small businesses for sure with the worsening payment terms.