Social media giant Facebook launched new ways to access funding to help diverse businesses and deal with cash flow needs. Despite falling closure rates, companies are still struggling financially when it comes to paying for debt bills, loans, rent, and more.
As per a report from Facebook, more than 60% of businesses are having difficulty in paying business expenses, and access to liquidity and capital are major lifelines to their ongoing success. But, a Facebook-like app may just be able to rescue them.
Facebook is introducing new tools and programs to help small and medium-sized businesses to deal with these challenges.
Facebook invoice fast track program
A new small business funding resource
This is important because including it in your Facebook clone app can be rewarding.
Facebook gives small and medium-sized businesses various ways to market their services, boost customer support as well as brand recognition. Creating a Facebook clone app account for a business page can help you communicate with your potential audience. You will be able to share valuable information directly with them.
Source: Facebook Creates New Ways For SMBs to Access Funding
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