Authored by Phil Cohen
Your employees need to be paid on a consistent basis, but the money may not always be there when you have slow-paying clients. Take financial stress off of you and your employees with payroll factoring. When you utilize payroll factoring, you sell your company’s unpaid invoices in exchange for a cash advance. No more worrying about meeting payroll when you have not received payment from clients.
Payroll Funding Relieves Financial Worries
Instead of making your employees wait for a paycheck or bringing your company into debt to pay your workers, use factoring to bridge the gap with slow-paying clients. With payroll factoring, you partner with a factoring company to take on your company’s unpaid invoices in return for a cash advance. You can use this cash advance to pay your employees on time and keep your business running smoothly. When all of the invoices have been paid, you will receive the remaining balance, minus a small factoring fee. Approval for factoring is not dependent on credit ratings or operating history.
Factor Finders Can Match You with the Perfect Factor
Does payroll factoring sound like the solution to your stress, but you are not sure where to find a factoring company? Working with a factor broker, such as Factor Finders, can help you pair with the best factor for your business. At Factor Finders, we have a network of over 75 factoring companies for various industries. You need a factor that understands the unique challenges of your industry. We eliminate the guesswork by matching your business with a factoring company.
Reach Out to Factor Finders
Keep your payroll on track in 2025. Get in touch with Factor Finders. We will respond within minutes to help you get on the path to a steady cash flow.