Fast and Simple Funding for Payroll
Payroll funding is an alternative funding option in which a company sells its unpaid receivables in order to receive payment sooner- hours instead of months. Many staffing companies rely on payroll funding to keep their employees paid on time, every time.
Slow Paying Clients? We’ll Help You Get Paid Faster!
Funding payroll can be tough without constant cash flow. Your clients pay within 30 days, but your employees need to be paid sooner. If your business needs funding for payroll, you’ve come to the right place. Factor Finders has been delivering flexible staffing payroll funding to small businesses for decades. If your company needs financing services, we can help!
Slow paying clients, rapid growth periods, seasonal patterns and other factors can pose cash flow challenges. That’s why we offer customized financing programs designed exclusively for your business. Our funding experts can help design the perfect payroll funding solution for your niche.
What is Payroll Funding?
You might be wondering, “What is Payroll Financing?” Basically, rather than waiting for clients to pay you, companies that specialize in financing for payroll will purchase your unpaid accounts receivable and advance your company the cash–instantly. This process is also known as payroll factoring. It’s as simple as that!
How Does Payroll Funding Work?
- Service your customers and submit invoices to the factoring company
- Your business receives a cash advance of up to 90% of the amount of the invoices
- Use the advance to fund your staffing agency or business as you see fit
- Your customer submits payment to the factor
- Once the invoice is paid, the remaining balance is returned to you, minus a small factoring fee
Financing is available within 24 hours of submitting invoices, so you’ll always have the money for payroll and other expenses. Unlike bank lending, funding payroll with a factoring company creates zero debt. You’ll never have to worry about paying back any loans and incurring high-interest rates.
As a business owner, it’s your job to pay your employees in order to grow your business and keep it successful. Whether you have 10 or 10,000 employees, Factor Finders can provide the optimal solution to your cash flow needs.
Payroll funding can be used to pay employee wages, worker’s compensation, benefits and other payroll requirements. While you have the ability to pay employees, you can also use the extra working capital for other business expenses, take on new clients, pay vendors, or whatever else you need to do to grow your company.
Get Started with Payroll Financing Today
Secure the funding you need, when you need it the most. Complete the form or call 855-322-8671 to start today.
The Benefits of Invoice Factoring to Fund Payroll
The benefits of using this financing method reach beyond positive cash flow.
There’s a reason that payroll financing is quickly becoming the preferred
method of funding for staffing agencies and small business owners.
No minimum volume requirements
Payroll financing is available for startups
The amount of available working capital grows with your business
High advances up to 90%
No long-term contracts
Back office support for staffing companies including payroll processing, billing, taxes, etc.
Need Help Paying Your Employees On Time?
Call us @ 855-322-8671
What to Expect with a Payroll Funding Company
Every company is assigned a personal account manager to handle all account management duties including customer credit approvals, collections and billing so you can get back to running your staffing company.
Instead of fretting about cash flow, you can focus on growing your business. In addition, by working with a factoring company you’ll have the ability to extend longer payment terms to clients and grow your operation.
“How do I get Approved for Payroll Funding?”
Approval is easy and less-than-perfect credit is acceptable.
If your company has been denied for bank financing, you’ll likely be approved for payroll funding. Why? Credit checks are conducted on your customers – not your company or personal credit history.
If your customers have a decent credit history, you will be approved to finance your payroll by a factoring company. This is a fast working capital option for small business payroll funding and for startups to pay employees that don’t want to take on more debt.
The following is NOT required for approval:
- Good credit rating
- Personal guaranties
- Profitable operating history
- Long operating history
Payroll Financing for Small Business and Staffing Companies
Do you own a staffing agency and need funding? Call us to learn more about our custom staffing factoring and back-office support services.
Thank you Factor Finders!! We are very satisfied with your services which are helping us build our future. We appreciate your help and we’re telling all of our friends about your excellent services. Thank you very much!
Ana, Trucking Company, Florida
Exactly What We Needed
I was matched with the perfect firm. They specialized in staffing agencies and that is exactly what we needed.
Charlotte, Staffing Agency, Alabama
Fast and Simple
My experience has been really great. The process is fast and simple and easy and I received my funds within 24-48 hours. I get paid on my invoices in a very timely manner.
Jermee, Transportation, North Carolina
I reached out to Stephanie at Factor Finders about a year and a half ago, but we were not ready to factor because of the quick turnaround time of our receivables. Thankfully, Stephanie continued to follow up with us and when the time came in which we were ready to factor I reached out to Stephanie and within an hour I was on the phone with a factoring company and starting an application. I appreciate all the help.
Joe, Home Healthcare Agency, California
I would personally like to thank you for getting my company setup with funding. The factoring company has been very professional and has made the experience a pleasure of getting funded. Once again, thanks for everything.
Herbert, Staffing Agency, Ontario
When I first inquired about this service, I wasn’t sure how it worked. But after trying it, we are experiencing some great services. Thank you for helping out!
Linda, Manufacturing Company, Arizona
Our experience with Factor Finders has been excellent. When the first funding company we were referred to was not proven to be a match on our end, we were quickly given a second referral. The ease in which we were able to accomplish this for our startup company was made nearly stress free. We look forward to a mutually beneficial business relationship with the factoring company. We would highly recommend Factor Finders to others.
Nigelle, Healthcare, Pennsylvania
“Am I Eligible for Payroll Funding?”
Virtually all businesses can benefit from access to steady working capital.
Any company that extends credit to customers is eligible to factor accounts receivable.
Factor Finders Services:
About Factor Finders
Factor Finders is committed to helping your business access the funding it needs in order to grow. We take the time to listen to what you’re looking for and connect you with one of our many partners in the invoice factoring industry.
We’ve spent years cultivating relationships with the best funding companies out there so when you’re not sure which company is the best fit for your business, we do.
Save yourself the time and effort searching for the perfect payroll financing company for your staffing agency or business and let us do the work for you. This way, you can focus on your business and we can do what we do best.Let's Talk!