Apple signs White House pledge to speed up payment to small businesses



While Apple is making money hand over fist today, it’s not that long ago (OK, 37 years) that it was a new business with the same cash-flow problems faced by all small companies.

To help speed up its business transactions, Apple today will officially sign up to a new White House initiative called SupplierPay, a voluntary program in which companies commit to pay small suppliers faster, or else aid them in getting access to lower-cost capital.