Grow Your Wealth Anna Swartz-Lopez and Vernon Williams

Is your small business struggling because of the lock downs? Have you already used the Paycheck Protection Program money, and still need help to keep your employees on Payroll? What options do you have? Thankfully, there are a few still available. 

Are you a startup company, performing well, but having trouble getting financing? Are you a high growth company and your bank won't support your funding request? Is your credit poor and nobody wants to lend to your company? Accounts Receivable financing can provide an alternative financing route to support your company. 

Do you need help with the HR and administrative aspects of your business? Are you paying unnecessarily high premiums for unemployment insurance and workman's comp? A professional employer organization (PEO) provides comprehensive HR solutions for small and mid-size businesses. Payroll, benefits, HR, tax administration, and regulatory compliance assistance are some of the many services PEOs provide to growing businesses across the country. 

Does your business need equipment? What are the benefits of leasing instead of buying? Should I bring in a business partner, or an alternative lender, to fund my business? What is an MCA and how do I use it? This episode continues the overview of types of business finance, to give small business owners an understanding of what is and is not available to them when their business needs funds. 

Following up on the last episode which gave a bird's eye view to workman's comp insurance, this episode gives specific steps of action that a small business owner can take to make sure all the state mandated bases are covered. Where do you go for help to sort through all the necessary compliance procedures? 

If you ask an employee to pick up coffee on the way into work, do you really need a workman's comp policy? If an employee trips and falls at your office, do you need to file a worker's comp claim? When do you need a workman's comp policy in place, and when do you not? How do you keep your policy premiums low and make sure your coverage is complete?