Payroll Funding

Payroll funding can provide you with the much-needed funds you need to offer competitive salaries. By financing payroll, your business will have access to constant cash flow around the clock for various purposes. These include hiring new employees, covering payroll, expanding your marketing efforts, and engaging new clients.

What is Payroll Funding?

Payroll funding is the best alternative financing solution that gets you back to taking your business to the next level. It works by providing capital for paying their employees or temporary staff before its client pays for that company. It gives companies the ability to meet their diverse payroll requirements weekly.

When you submit an invoice to a customer, the payroll funding provider buys that (not yet paid) invoice from you and gives you the funds the same day. Once the customer has paid the invoice, they charge their fee and send you the remaining money.

One of the best things about payroll funding is that you get the funds in as little as 24 hours.

If you are operating in any of the states in the US, make sure you have enough cash flow. Biz Loan Bankers – a leading Loan Facilitating Company – will serve you better with little more than an application.

Invoice Factoring & PO Funding - Step 1 of 6
(as shown on the Articles of Incorporation or Partnership Agreement)

Payroll funding offers competitive industry rates as low as 1.25%.

  • Credit Score – 625
  • Years in Business – 2

How Does Payroll Funding Work?

  • The employees are provided to a customer by the staffing company. It then invoices the customer for work performed.
  • The financing company buys that invoices from the staffing company for the needed funds.
  • When the customer of the staffing company sends payment for that invoice, the financing company is paid back.

Also known as ‘invoice factoring’, payroll funding is the selling of your accounts receivables for cash up front. It is a type of financing that’s specifically designed to allow staff companies to make payroll before they can collect the same from their customers.

  • Same day payroll funding
  • Affordable rate structure
  • Excellent customer service
  • No cash flow hassles
  • Allows you to grow your business
  • Won’t add to the debt
  • Quick cash
  • No hidden charges
  • Flexibility
  • No long-term contracts

Following are the companies that can make good use of payroll funding.

  • Small Businesses
  • Startups
  • IT Staffing
  • Non-Bankable Companies
  • Staffing Companies
  • Commercial
  • Financial Services
  • Janitorial
  • Education
  • Retail
  • Government
  • Other