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The research, conducted by two housing industry groups, found that a built-in seven-week wait for tenants before they could receive their first payment meant that nearly everyone on the scheme goes straight into arrears.
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"Late payment means reduced profitability, knock-on late payments to suppliers, and reduced business growth," an FSB spokesman said.
Even a small loan payment means making great financial sacrifices.
The revised payments meant that instead of clubs relegated from the Premier League receiving £16m a year for two years, they received the money over four years - £15m for the first season, £17m for the second and then a further two payments of £8m per season.
It was the first payment on a forty-thousand-dollar policy that, in the event of death by accidental means, paid double indemnity.
But first, payment.
First, payment for some services.
He drew his first payment.
The first payment listed was in November 1999.
Boe submitted the first payment, then defaulted on two others.
TSB made profits of £172m last year and does not expect to be generating enough surplus to pay dividends to shareholders until the end of the 2017 financial year –which means the first payments are not likely to be made until May 2018.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com