Cash flow is 'more important than ever' while PPP loans stall—here's how small business credit cards can help

The federally-funded Paycheck Protection Program dried up on April 16 and was replenished on April 24 with an additional $310 billion in forgivable loans — but it still may not be enough.

"I paid some freelancers [this month] with my credit card in order to keep my business checking balance a little higher," Warren tells For example, if you have outstanding invoices totaling $5,300 that you expect to be paid in 30 days, you know approximately what your cash flow will look like for one credit card billing cycle. This should create some structure for how you plan your spending.

, you can use PPP loans for up to two months' worth of costs, plus 25%, and they can be used for the following expenses:Rent that was under lease agreement before February 15, 2020Many businesses are unsure of exactly how long it takes to receive a PPP loan or the new Economic Impact and Disaster Loans . The Small Business Administration reports 10 to 21 days, yet some businesses still are still waiting to receive their loans from the first round of applications.

Any right business owner will never fall for this ridiculous headlines. Not only the media trying to scary folks , they also trying to get folks in major debt by enriching the banks.

I use a debit card in Ireland Independent_ie

Open businesses. Stop all politicians pay now

Longer term will people max cards and then default driving the stock down? Let us know ; )

IndoBusiness

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