Payroll Funding for Illinois Businesses
If you need access to fast cash to keep your business afloat, Illinois payroll funding with Factor Finders may be the lifeline you’re looking for. No matter if your business is located in Chicago, Peoria, Springfield or Naperville, we can help you obtain the financing you need today.
While small business loans are granted based on stringent approval criteria and come with borrowing limits that may not provide your Chicago, Illinois business with enough cash. However, financing your payroll through invoice factoring offers near-limitless cash flow potential and frees your company from the burden of added debt.
Payroll financing is an uncomplicated process that you can use as often as you need to support your cash flow. Simply submit your open invoices and receive 70 to 90 percent of their face value within 24 hours of verification. Run your business as you normally would while the payroll funding company waits to collect then receive the remainder of the cash value when it is paid.
The best part is, funding payroll is something you can do once a month or three times a week – the frequency is only limited by your company’s needs. Use the cash you receive from financing payroll to pay your employees, buy office supplies or work materials, hire new talent, or invest in your business’s future.
Does Your Illinois Business Qualify for Payroll Funding?
Most likely. Qualifying for funding is simpler than obtaining a conventional loan. An Illinois payroll funding company can start funding your invoices in as little as 3-5 business days with a much shorter list of required documents.
Payroll financing qualification is simpler than obtaining a conventional loan. An Illinois payroll funding company can start funding your invoices in as little as 3-5 business days with a much shorter list of required documents.
If you run a new company or have poor business credit, you can still qualify for payroll factoring as well! Our factoring partners base funding decisions on your customers’ creditworthiness, making it easier for you to get your company on track.
Factor Finders works with payroll funding experts that specialize in Illinois’ most critical industries, as well as other growing industries such as:
Our partners also work with companies fulfilling government contracts. If you need alternative funding options like spot factoring and purchase order financing, we can help! We will connect you with a factoring company in Chicago or an Illinois factoring company that can customize the perfect funding program for your company.
No matter your company’s situation, payroll funding can help you succeed. Don’t wait another day – let us find the perfect Illinois payroll funding for you today!