A busy law firm found themself in a cash flow challenge when covid took the office — and their primary bookkeeper — by storm. Their AR bookkeeper was out sick for a month, causing long billing delays.
With invoicing delayed, they researched financing options and discovered a brilliant option — Payro.
And that set them thinking…
With a quick approval process and low interest loan, they covered payroll immediately.
Instantly, they began planning for an expansion — a larger team, more marketing and ultimately, much more revenue.
After that initial one-time loan of $90,000 to cover the shortfall, they expanded their operations and team size.
They used Payro seven times in the next 20 pay periods – and their firm revenue swung consistently upwards.