As a business owner, you may face a few challenges while starting up. At times, payments may be delayed, which not only slows things down, but creates inconvenient situations for employees who are dependent on income from the organisation. Fortunately, there is an option available to tackle such challenges.
Payday loans are quick, simple and smart solutions for financial challenges. They are useful for paying your employees in a timely manner. These payday solutions may be grants or loans that are given to employers to assist in paying its employees in the event that cheques are delayed or the company is experiencing cash flow problems.
What are the requirements as a business owner?
- Be 18 years or older
- Be willing to disclose your salary
- Be willing to provide financial statements including balance sheets etc
How much can you get?
Payday loans are short term financial solutions so you can expect amounts between R500 and R2500.
Payday Loans are ideal short term financial solutions and offer individuals and business owners flexible solutions. Starting a business is a challenging endeavour. Aside from getting clients on board, handling company finances comes with its own set of challenges. Some clients may make payments late which could have an adverse effect on the cash flow of the business. As a small business, cash flow problems are common. But there are ways to help avoid such situations. With payday loans, as a business owner you are afforded a safety net which helps you pay your employees if such situations come up.
The micro-finance industry in South Africa provides clients with flexible options for their financial needs. Payday loans are becoming increasingly popular and offer individuals other options besides traditional lending institutions such as banks. As a business owner you are given the option of getting fast access to cash with payday loans.