Coast 2 Coast Payroll & Payments’ Post

At BDC, we understand the challenges that small businesses face when it comes to accessing the resources they need to grow and succeed. That's why we offer a wide range of services designed to meet the needs of small businesses across a variety of industries. If you need financing, we can help you explore a range of options, including loans from the SBA and other sources. Our team can work with you to understand your specific needs and goals and help you identify the best financing solutions for your business. We also offer a range of other services to help your business thrive, including merchant processing, insurance, payroll services, and more. Our team is committed to helping you find the solutions that work best for your business, and we work with multiple funding partners to ensure that you have access to the resources you need to succeed. Whatever your business needs, we're here to help. Get in touch with us today to learn more about how we can help you grow and thrive. #grant #businessconsulting #growthmindset #consulting #bdc #bdcreation #inventoryservices #payroll #Smallbusiness #smallbusinessusa🇺🇸

From #payroll deduction errors to improperly amortized repayment schedules on #401k loans, a global electronics manufacturer was having a variety of service delivery problems within its #definedcontribution services. With two years left on its DC vendor contract, SBA was brought on board. Read on for how SBA was able to repair the client-vendor relationship and improve performance for the remainder of the contract. https://lnkd.in/e5cQWKQz #vendormanagement

Here's how savvy #staffing companies are able to keep up with #cashflow while walking the tightrope between slow paying customers and making the #payroll on time. https://bit.ly/4afPM6e

Here's how savvy #staffing companies are able to keep up with #cashflow while walking the tightrope between slow paying customers and making the #payroll on time. https://bit.ly/4afPM6e

Here's how savvy #staffing companies are able to keep up with #cashflow while walking the tightrope between slow paying customers and making the #payroll on time. https://bit.ly/4afPM6e

Here's how savvy #staffing companies are able to keep up with #cashflow while walking the tightrope between slow paying customers and making the #payroll on time. https://bit.ly/4afPM6e

Question: Diane being a contract staffing pro, can you share your thoughts? I just talked to {name of EoR service}. Their prices seem much higher than other invoice factoring choices out there. They are charging 19 % for factoring. Don't you think that is too high? My Answer: You are misunderstanding. They don't charge 19% for factoring. They charge about 17% for staffing employer of record services, which includes state-by-state compliance, payroll processing, tax deductions and reporting, workers comp, umbrella insurance, liability, unemployment claims management, invoicing, and accounts receivables. Then, if you use them for funding, that's about 2% on top of the 17%. EoRs only provide funding if you use them as an Employer of Record. So, if you only need factoring, yes, my recommendation is to find a factoring company, or better yet a bank line of credit, rather than an employer of record.

Unlock Cash Flow Potential for Your Business with Accounts Receivable Factoring! 💰 Are you a business owner looking to improve cash flow and drive growth? Consider accounts receivable (AR) factoring! AR factoring is a flexible financing solution where businesses sell their outstanding invoices to a third-party company at a discount in exchange for immediate cash. Here's why AR factoring could be a game-changer for your business: Improved Cash Flow: Get immediate access to cash tied up in your accounts receivable, helping you meet payroll, cover operating expenses, and invest in growth opportunities. Flexible Financing: AR factoring is not a loan and does not create debt on your balance sheet. It grows with your business, making it an ideal solution for companies experiencing rapid growth. Credit Management: AR factoring companies often provide credit services, helping you assess the creditworthiness of your clients and reduce the risk of non-payment. Focus on Growth: By outsourcing the management of accounts receivable, you can focus on core business activities like sales, operations, and customer service. Seasonal Support: AR factoring can help you manage cash flow during seasonal fluctuations, ensuring you have the resources you need when you need them. Don't let cash flow challenges hold your business back. Explore the benefits of AR factoring and unlock your business's cash flow potential today! #Factoring #CashFlow #BusinessGrowth #FinanceSolution

It's Fun Fact Friday! 🎉 What is a liability? Liabilities are what a business owes. It could be money, goods, or services. They are the opposite of assets, which are what a business owns. Liabilities aren’t necessarily bad. Some loans are acquired to purchase new assets, like tools or vehicles that help a small business operate and grow. However, too much liability can hurt a small business financially. #CRMBookkeeping #BookKeeping #SmallBusiness #Taxes #Payroll #Quickbooks #Incometax #BookkeepingExpert #FinancialConsulting #FinancialStrategies #AccountingServices #SmartMoneyMoves

It's Fun Fact Friday! 🎉 What is a liability? Liabilities are what a business owes. It could be money, goods, or services. They are the opposite of assets, which are what a business owns. Liabilities aren’t necessarily bad. Some loans are acquired to purchase new assets, like tools or vehicles that help a small business operate and grow. However, too much liability can hurt a small business financially. #CRMBookkeeping #BookKeeping #SmallBusiness #Taxes #Payroll #Quickbooks #Incometax #BookkeepingExpert #FinancialConsulting #FinancialStrategies #AccountingServices #SmartMoneyMoves