Inflation brings the price of everything up, which means higher costs and decreased margins for your business. That could lead to a restricted cash flow, which makes it harder to pay invoices and ensure your employees get paid.
Employees are the heart of your business, and they need to get paid on time, especially when they’re also paying more money for their goods and services during rising inflation.
Inflation can work both ways. If your business is flexible enough, you may be able to increase your own prices in order to improve your cash flow. If not, it’s important to find a healthy balance of cash flow, without getting your company into long-term debt that affects your profit that can lead to continual deficits.
Fortunately, there are solutions to making sure your employees get paid, even when your cash flow is restricted. Payro is a payroll finance company who offers short-term payday loans of up to $500,000 with same-day funding and rates as low as 1.5% per week. It solves payroll challenges when you need to, without damaging the long-term health of your company’s finances.
It’s important to note that signing up for Payro is fast and free and that once you’re approved you can qualify for those same-day loans without having to wait for approval.
Thank you to our partner PAYRO for contributing this BLOG content. For more information, we recommend scheduling an appointment to set up your free account with Payro now, so that you’re positioned for the best scenario.
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*Southland Data Processing, Inc. (“SDP”) is not a law firm. This article is intended for informational purposes only and should not be relied upon in reaching a conclusion in a particular area of law. Applicability of the legal principles discussed may differ substantially in individual situations. Receipt of this or any other SDP materials does not create an attorney-client relationship. SDP is not responsible for any inadvertent errors that may occur in the publishing process.