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Payroll Funding

Financing your payroll by selling your invoices

 

What is Payroll Funding?

Payroll funding, payroll financing, provides capital to pay your employees or temporary staff through the sale of invoices for instant cash.

What are the benefits of Payroll Financing?

No cash flow issues

With a consistent inflow  of cash you do not need to worry about how to meet weekly and biweekly payroll.

Same-day payroll funding

Just set up an account and send an electronically generated copy of the invoice with any backup documentation. Funds will typically be wired to your account within 24 hours.

No hidden charges

There are no hidden charges involved. Factoring companies are straightforward. Choose factors that have been in business for a long time and can provide you the best advice for finance-related solutions.

Enables you to grow your business

With your cash flow issues solved, you can concentrate on taking up a new work. Payroll funding enables businesses to take on new projects and not lose talented employees due to a lack of funds.

Easy to obtain

Through factoring invoices, payroll funding is easy to acquire. However, submitting a bank loan application can be a complicated process.  Moreover, meeting the requirements is difficult for small businesses and startups.

Flexible

As you grow, so do your financing options. By adding creditworthy clients to your business, you can get more funding through factoring. You can consider your cash flow problems handled.

How Does Payroll Funding Work?

The company fulfills and invoices for services.

The company sells its accounts receivables to a payroll funding company to keep the cash flow and meet payroll.

The payroll finance company advances up to 90% of invoices, which can be used to cover payroll.

Once your customers pay in full, the payroll funding company settles the transaction by depositing the remaining invoice balance, less a small fee, into your company bank account.

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Receive an Advance with Your Government Contract Invoice






    Business Financing Options

    Factoring and Asset Based Lending

    Government Contract Financing

    Receive advances that will allow you to perform on your newly awarded government contract and scale your business.

    Factoring

    Use the most valuable assets on your balance sheet your accounts receivable to create the liquidity you need to grow your business.

    Line of Credit

    You may pledge a pool of assets to include accounts receivable and inventory to support the advances that will serve as the fuel required to take your business to new heights.

    Payroll Funding

    Sell your invoices to get instant cash to fulfill its payroll needs.

    Asset-Based Lending

    Take a loan against the value of some of your assets or real property