New research from payroll and accounting software firm, Intuit Inc. says if you’re looking for a job, it’s still difficult. The monthly SMB outlook report shows missed new job goals, longer hours and an overarching slowing growth rate among small business across the country.
Small business employment grew by 0.2 percent in July, equating to just 2.4 percent annual growth rate. This translates to about 40,000 new jobs nationwide, which is 5,000 fewer jobs than predicted for the month.
If you are a small business struggling to make ends meet and cannot support hireing a new sales associate or employee, accounts receivable factoring could help get you and your small business through the rest of the summer. If you have slow paying clients or those who are 30- 60 or 90 days out.
Once your account is set up with a factoring company like IFG, invoice factoring typically pays within 24 to 48 hours.