SAN DIEGO, Nov. 21 /PRNewswire-FirstCall/ -- Dalrada Financial Corporation (Pink Sheets: DFCO) announced today that it has begun marketing its PayDay Advance Services to an expanded base of 25,000 outside employees. The service provides employees with advances on their paychecks through a Payday Loan program. Employees who select this benefit have 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.
Dalrada CEO Brian Bonar said, "This marks the beginning of our efforts to market the PayDay Advance Service to employees other than our direct 5,000 person client base. The program provides an important, short-term cash flow tool for those who need it and we expect to expand the program on a monthly basis going forward."
The Payday Loan program is yet another beneficial service offering for Dalrada's 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 in 24 to 48 hours.
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
For further information: Brian Bonar, CEO of Dalrada Financial Corporation, +1-858-427-8700, bbonar@dalrada.com
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