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How Businesses can benefit from Payday Loans
Payday loans are fairly simple transactions that can occur between a company and an employee. The employee needs money before payday due to unforeseen circumstance and can take out a loan with the company he or she works for against the next pay day. This means that the company that loans the money will always get the money back because it comes directly from the payday. In addition to the loan amount the employee also has to pay back interest. The interest is a predetermined amount that is written in the employees contract with loaner that says the amount paid back will also include X amount of money to be paid as interest. This way the loaner makes more money than originally loaned on site such as www.spaydayloansonline.com. Businesses stand to benefit from this set up simply by making more than what they offer up front.