/biz/ - Business & Finance

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Anonymous Wed Sep 21 23:46:03 2022 No.51560552 [Reply] [Original]

Where can I find some information about what percentage of US companies are meeting payroll via debt? I couldn’t find anything relevant on google.
I talked to someone who basically does the budgeting at a small business and they told me they use debt to meet payroll which sounds incredibly irresponsible so I’m wondering how many others are doing this as well.

>>	Anonymous Thu Sep 22 00:02:24 2022 No.51560831 >>51560552 I'm an accountant my understanding is that payroll is typically funded with short term credit, but I've never done treasury or payroll work.

>>	Anonymous Thu Sep 22 01:19:35 2022 No.51562014 >>51560831 Am I wrong to think that’s reckless? Or is that why as soon as growth stops people get laid off?

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