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One Hour Payday Loan Saves the Day
Ian Thomas, Knowledge Level: All Levels, Keywords: one hour payday loan, credit, entrepreneurship, running a company
Starting your own business is tough. If you're like most of us, you're not privately funding your own business. Many entrepreneurs work a 9-5 when they're just starting out. This normally works great and all if all of your expenses are scheduled and predictable, but you'd be surprised at how many expenses can come up in just one hour. Payday loan programs can really help you out of a tight spot.
Recently a young friend of mine found himself in pickle when the server he was running from home lost a network card. 30 minutes later he had 3 returns for his product call in, and by the time he remembered he had to pay his only parttime employee that day he had already refunded his customers and was heading back from Bestbuy. He did some math in his head and realized that his checking account would be short about 100 bucks, and his employee was showing up at his house, expecting pay in a little over one hour. Payday loan programs normally charge around $15 for a $100 loan. That surely beats the $30 his bank would charge him for bouncing his employee's paycheck. Not to mention the hassle and annoyance.
On his way home he found a one hour payday loan store and they were able to get his money to him in time for him to meet his employee and pay him in cash, something always appreciated.
The next week he got paid from his 9-5 and paid off his one hour payday loan. He later called me up and told me about the best 15 bucks he ever spent on his business.
Ian is a financial services and entrepreneurship expert, with over 30 years experience.. Article on one hour payday loan, credit, entrepreneurship, running a company by Ian Thomas
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