In today’s economy, keeping your business afloat is no easy task. People are spending less, they are worried about the future, and the markets are volatile. Small businesses may start to look at where they can cut expenses in order to maintain a positive cash flow. Too often, a business owner will decide to delay...
What Is A PPP Loan? The paycheck protection program or PPP loan is a program that the government started during Coronavirus to help small businesses stay afloat. The government offered the PPP program to small businesses who were unable to pay their employees due to a decrease in sales as an incentive to keep their employees...
Managing cash flow is an integral component of every business. With proper management of funds, you can avoid taking out loans. Having a profitable business does not necessarily dictate positive cash flow. There are many factors involved in managing cash flow properly. What Is Cash Flow In Business and Why Is It Important? In order to understand...
Tell us a bit about yourself, and how you started your company. In 2015, I was working at an Infinity Capital Funding, an alternative finance company. As a part of my job, I would attend various trade shows to try and bring in new leads. In 2017, I attended a business conference. It was there that...
Many small businesses are struggling a lot right now with all their expenses, especially payroll. Now, while there are a lot of expenses you could put on credit or get an extension for, payroll isn’t one of them. If your business is strapped for cash, you should know that there are reputable places you can...
Small businesses can often struggle with meeting payroll demands. Now more than ever, during these unprecedented times, with businesses struggling to stay afloat, the necessity for payroll financing has never been greater. Hold onto your stellar staff and avoid the worry of having to let employees go. As a payroll funding company, it is our...
One of the biggest responsibilities for a business owner is making payroll. The success of your business depends on your ability to pay your employees and pay them on time. For any business, making payroll and ensuring you are always on top of it can be difficult. This is especially true for smaller companies looking...
STAT: 50% of small businesses fail within 5 years. Most small businesses fail. Why? How to avoid the same fate. Data from the Bureau of Labor Statistics show that approximately 20% of new businesses fail during the first two years of being open, 45% during the first five years, and 65% during the first ten years. Only 25% of...
Stony Brook Academy, a special needs school in CA, was late with their billing this March due to COVID-19 staffing problems, they were faced with empty bank accounts and a big problem. They were short $118,000 for upcoming payroll, and they’d only get the funds needed in a month. Pressure was mounting. They were faced with a...
Join Morris as he shares payroll financing success stories about business owners who bridged the cash flow gap using a line of credit from Payro Finance....