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View Diary: Not All Small Businesses Need Loans for Payroll! (85 comments)

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  •  Not really true... (0+ / 0-)

    lets say you just got the bid on a big consulting project for a government agency...90 days may be a normal payment cycle...or your contract may have payment based on milestones instead of hours which could mean 120 days...there are a variety of reasons why you would have that delay in cash flow...

    In addition, in my business, good customers have been moving from 30 days to 60 days and in some cases 90 days because their customers are stretching them out...

    Your scenario is a textbook case...and also a steady business not trying to grow your business which would require paying payroll for consultants on the bench for 30 days or so before the project starts...

    And no I am not a bank...just a small business person...

    Obama - Real Leadership for a Real Change

    by dvogel001 on Tue Apr 21, 2009 at 09:11:49 AM PDT

    [ Parent ]

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