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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

You should put a PPP loan into a separate account to get it forgiven - Business InsiderNot only will a separate account prevent you from accidentally misusing funds, it could help you more easily convert that loan into a grant. Good info
Source: BusinessInsider - 🏆 729. / 51 Read more »

US Reps blast five large companies for taking PPP coronavirus funding - Business InsiderCollectively, the five companies singled out by a House committee took $50 million in small business loans through the Paycheck Protection Program. Whatever BLAST means. It looks like a well REHEARSED DRAMA. How else could these companies buy back their shares to please the BLASTERS? Who has released the money to them? Maybe, need an investigation from India? We can find it in hours. Greedy big business stealing from small businesses, what else is new? Big business doesn't even pay taxes, Catholic churches got money, they don't pay taxes. Republican money give away.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Why Warren Buffett is unhappy with Berkshire's $137 billion cash pile - Business InsiderWarren Buffett's Berkshire Hathaway has a record $137 billion cash pile. Here's why the investor will be frustrated by that fact.
Source: BusinessInsider - 🏆 729. / 51 Read more »