As a business owner, it’s your responsibility to pay your employees regularly and on time. But, Ralph Johnson of American Growth Funding finds many small and growing companies run into payroll problems. Perhaps your business is seasonal and having difficultly covering payroll in the off-season. Maybe your company is growing at a rapid pace and outpacing your cash reserves. Or, you might want to put the cash reserved for payroll into a more productive use, such as new equipment or company expansion. No matter, payroll funding improves your cash flow and enables you to meet payroll and put your money to more productive use.
Payroll funding can benefit a wide range of businesses, including staffing agencies, consultants, transportation companies, manufacturing businesses, and more. American Growth Funding’s Payroll Funding Program covers the payroll costs associated with each pay period, including employee wages and benefits. This allows you to capitalize on profitable opportunities, while meeting your payroll obligations.
Once American Growth Funding covers your payroll, the company sets up a long-term installment repayment plan, and you can make small payments out of cash flow. In most cases, the cash advance pays for itself. Typically, the cost of capital is outweighed by the profit companies generate from putting the cash advance to work. Contact AGF at (877) 932-2638 to learn more.