HOW SMART ADVISORS HELP THEIR CLIENTS OUTRACE THE CASH CRUNCH TO REOPEN, MOVE FORWARD AND KEEP GOING
Wishing you could help your clients get the cash they need to open their doors, put employees back to work…AND…still have enough to pay for everything else (rent, marketing, inventory, fulfillment)?
Are you worried your clients won’t have the cash to payroll returning employees,
forcing them to backtrack even further or fall off the cliff?
Have their PPP loan funds run out?
They are not alone. There is a solution.
HELP YOUR CLIENTS RELIEVE CASH-FLOW PRESSURE SO THEY CAN REVIVE THEIR BUSINESS
We’re helping businesses with five or more employees by covering payroll costs for up to 90 days.
They bring employees back to work NOW. We pay them.
They pay us back later.
Meanwhile, they have the cash needed to restock inventory, reinvest in marketing, or take other steps to jumpstart growth.
This will allow them to generate the revenue needed to survive the downturn and march toward recovery.
As a trusted business advisor, you are always looking for ways for your clients to move forward and prosper. With that, they value you even more, they refer you more business and everyone wins.
If you are interested in solidifying your client’s trust and partnership, complete the form below. We’ll contact you within one business day with more details.
Have their PPP loan funds run out?
They are not alone. There is a solution.
HERE'S HOW IT WORKS
Snelling will assume all responsibility for employing as many workers as needed. Snelling will pay wages, workers’ compensation set-asides, unemployment insurance, taxes, and payroll processing.
Pay Snelling for the service — after the 30-, 60-, or 90-day float period.
Ordinarily, we would bill and expect payment immediately for such services.
But during these exceptional times, we want to help small businesses by deferring those payments for one to three months (subject to credit checks).
They will supervise the employees, as always, while we handle all of the payroll on the backend.
There is no time limit on how long they keep employees with Snelling. They can assume them back on their payroll whenever they wish.
If they want to find new employees, we can help you with that, too. We have a pool of workers ready for employment. If we search beyond our pool, we administer assessments, background checks, and drug tests if requested. For any employee we provide, we will defer these costs for these services up to 90 days while business resumes.
This is our way of saying thanks to the St. Louis region for the past 30 years and to another 30 years of success for everyone.
If this does not affect any of your client’s businesses, please share this with someone who could benefit. We hope to help as many businesses as possible with this incredible offer.
Complete the form below, and we’ll contact you within one business day with more details.
I WANT TO HELP MY CLIENTS
FREQUENTLY ASKED QUESTIONS
How do I get my employees registered with Snelling?
Easy…provide us an email and phone number and we will handle everything electronically! We will be happy to come to your site to complete any employment verification and help explain to employees how this will look for them.
How do I track my employee hours?
Electronic timekeeping to track and submit their hours for approval by you on a weekly basis.
What if I have a clock on-site?
Perfect! Track hours the same way you do today, email us those hours at the end of the week, we process payroll.
How do I benefit from these terms?
Employees continue to work under your day-to-day supervision, Snelling pays all the payroll costs today, you won’t pay Snelling for those hours in 30-, 60-, or 90-days based on your credit approval. Think of how that cash you would have spent on payroll today will help grow your business right now. Plus, we can handle all the fun HR stuff too!
Do I have to pay for this all at once?
Not at all. We pay employees on a weekly basis. Depending on your approved credit, you begin paying those costs on a weekly basis starting in 30-, 60-, or 90-days, and you pay one week at a time through ACH from your bank.
Let’s say I get approved for 60-day terms, what does this look like?
To use real dates, let’s assume we onboard employees beginning Monday, July 27th, 2020. Those employees work that week, our payroll cutoff is Friday, July 31st, week ending 7/31. We send you an invoice the following week on Wednesday, August 5th. We will initiate an ACH debit to your account on Friday, September 25th, 2020. We would then begin this ACH debit every Friday thereafter for the corresponding 8 weeks prior.
What if I want to convert employees and put them on my payroll?
Absolutely, let us know a day most convenient for you and the next payroll run is on you! We will continue to ACH the outstanding payroll still owed on Fridays until all balances are paid.
What is this going to cost?
Great question! For ease of calculation, let’s use a $10.00/hr employee. Right now, you are paying $10/hr, plus FICA, FUTA, SUTA, workers comp, payroll services, maybe a CPA to file payroll tax returns, HR to administer benefits, maybe another 3rd party for assessments and onboarding, new hire paperwork, among other costs maybe unique to your business. Depending upon your workers comp code, you would pay Snelling the $10.00/hr base plus $3.50 – $4.20 per hour worked.
What if I need to hire more people?
Fantastic…that’s what we at Snelling do best! Let us go find the right person, get them onboarded and ready to work in 48-72 hours once you identify the need. Same terms as before, and you don’t miss a beat.
What if I need to reduce my staff?
Not a problem. We handle it all. We will notify the employee, help them navigate unemployment, handle any paperwork, and deal with unemployment claims. Also, since we are an employment agency, we should be able to help qualified people find new work elsewhere — maybe within a day. With so much economic uncertainty, this gives you great flexibility to manage your workforce and your business.
How does this benefit me and my business?
1) Cash-flow is critical when you’re trying to revive a business that has taken a hit. This allows you to defer payments for your biggest cost (payroll) and use that cash for other critical business needs. This can help you revive your business and return to profitability more quickly.
2) You have plenty on your plate already. Managing payroll — especially under these complicated circumstances — is a time-sucking hassle. Let us deal with that so you can focus on what’s most important to your business.