It is delivered with the Small Business Association (SBA) and aims to provide payroll support to those companies that may otherwise face cost-saving measures such as reducing their workforce.In addition, it can cover mortgage interest rates, rent, utilities, and workforce protection ,
East Stroudsburg, United States - February 28, 2021 /PressCable/ —
LendingSavers has launched a new report stating the Paycheck Protection Act will affect small business owners disproportionately when compared to large corporations. This is because fewer banks are offering support to small businesses during these challenging times.
Find out more at https://www.lendingsavers.com
The newly launched report from LendingSavers, based in East Stroudsburg, PA, highlights the fact the Paycheck Protection Program (PPP) is necessary for the survival of small businesses across America.
However, it notes that some industries are faring worse than others, and small business owners were negatively affected during the first round of funding, as they could not access the scheme.
It is delivered with the Small Business Association (SBA) and aims to provide payroll support to those companies that may otherwise face cost-saving measures such as reducing their workforce.
In addition, it can cover mortgage interest rates, rent, utilities, and workforce protection related to the ongoing health crisis. Small businesses with fewer than 500 employees are eligible to apply for support.
Also eligible are nonprofits, self-employed individuals, and independent contractors. Other support packages are available for large organizations.
The packages have been launched to start the recovery process and boost the economy, but those unable to access them have been forced to find alternative sources of short-term and long-term help to maintain their business operations over the past 12 months.
As an alternative provider of working capital funding, LendingSavers understands the importance of cash flow within an organization and alternative options when traditional routes fail.
For instance, LendingSavers provides a range of options to help business owners navigate turbulent times. Whether they require short-term support, a business line of credit, working capital, or a long-term arrangement.
A spokesperson said: “Many of our clients use funding to cover payroll, renovate, manage inventory, expand, purchase equipment, and a variety of miscellaneous business expenses.”
“You are the expert in maintaining and growing your company, and we are the experts in getting you the money you need to do so,” they added.
More details about LendingSavers can be viewed at https://www.lendingsavers.com
Contact Info:
Name: peter M Heffernan
Email: Send Email
Organization: LendingSavers
Address: 88 South Courtland Street poconos, East Stroudsburg, Pennsylvania 18301, United States
Phone: +1-855-544-0881
Website: https://www.lendingsavers.com/
Source: PressCable
Release ID: 88999067
