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I would say generally, if you're not in a position to pay suppliers in full and on time, then don't be in business. That seems logical to me. But perhaps that's why I'm not rich. I can however sleep at night. Or I would were it not for the gnawing hunger as my family and I go without food again.
CYOA-
I would say generally, if you're not in a position to pay suppliers in full and on time, then don't be in business
I operating a sliding scale, fellow small businesses get paid promptly and in full whilst at the other end of the scale; I need at least 2 red letters from HMRC or other large corporates before I consider paying them
fidbod
There's more than one reason for being late when it comes to paying for stuff, and you probably want to have an idea of which one applies when deciding how to proceed. There are undoubtedly some out-and-out arseholes out there, who would rather see you starve to death than miss out on a day's interest on the money they owe you but have in the bank, but I don't think they are the majority.