SAN DIEGO, Sept. 15 CA-Dalrada-PayDay
SAN DIEGO, Sept. 15 /PRNewswire-FirstCall/ -- Dalrada Financial
Corporation: (Pink Sheets: DFCO) announced today that it has entered into an
agreement to provide client employees with advances on their paychecks through
a Payday Loan program. Employers who select this benefit give their workers
the freedom to use their money for family emergencies, unexpected repairs,
overdrafts, or other personal expenses, at a lower rate than traditional
payday loan establishments.
The Payday Loan program is yet another beneficial service offering for
Dalrada's existing business clientele. Under Dalrada's program, enrolled
employees can borrow up to 65 percent of their gross wages (up to $500). The
loan is generally processed the same day and funds provided by check in 24 to
48 hours.
Dalrada CEO Brian Bonar said, "This is a valuable retention benefit for
employers and one that is of proven value to their employees. These cash
advances are intended as a short-term cash flow tool. The loan is paid in full
through a deduction of principal and fees from the employee's next paycheck,"
added Bonar.
About Dalrada Financial Corporation:
Dalrada Financial Corporation provides employer business solutions to
small to medium size businesses. The company acts as a Marketing Liaison,
supplying to its clients a broad variety of employee programs that increase
business efficiency. These include employee benefits, risk management
insurance (including workers compensation and business liability), financial
management and the promotional and business management services. Information
on Dalrada is available at: http://www.dalrada.com
Safe Harbor:
Statements in this press release may constitute forward-looking statements
and are subject to numerous risks and uncertainties, including the failure to
complete successfully the development of new or enhanced products, the
Company's future capital needs, the lack of market demand for any new or
enhanced products the Company may develop, any actions by the Company's
partners that may be adverse to the Company, the success of competitive
products, other economic factors affecting the Company and its markets,
seasonal changes, and other risks detailed from time to time in the Company's
filings with the U.S. Securities and Exchange Commission. The actual results
may differ materially from those contained in this press release. The Company
disclaims any obligation to update any statements in this press release.
SOURCE Dalrada Financial Corporation
