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Payroll cost represent a significant and recurring expense for businesses of all sizes. For small businesses, covering payroll during times of slow revenue or unexpected expenses can become a major challenge. For small businesses to manage payroll costs effectively, it’s essential to understand the full cost of payroll. These costs depend on the number of employees, payroll frequency (bi-weekly or monthly), and whether you handle payroll in-house or through external partners. This article discuss how business loans can help cover payroll costs, types of business loans for payroll costs, and much more.
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