Most small businesses face a cash flow problem at one time or another, and unlike most obligations, payroll must be met on time and cannot be delayed, thus making payroll stressful and a distraction. Finding the right payroll funding company to finance payroll helps small businesses every day.
Payro Finance is a solution for businesses – Funding to cover payroll on time, even when cash flow is thin. Payro Finance secures funds instantly, so they are available for weekly, biweekly or monthly payroll.
Nearly 43% of small business owners deal with cash flow problems putting them at risk of not paying their employees on payday. Don’t risk it. Make payroll on-time every time. Stop cash flow problems from eating into your time and profit.
Now you can get fast approval on a line of credit to cover your payroll funding needs. This Payroll Funding solution is not like other traditional loans or alternative lending options.
Collateral is not required as it is with a line of credit from a bank. You don’t need invoices as you do when invoice factoring. Approval for a Payro Finance loan is based solely on your revenue and an analysis of your businesses cash flow.
Payroll Funding is designed to help companies make payroll before they collect outstanding payments from their customers.
It provides a same day funding solution when you find yourself in a cash crunch and need to bridge the gap. With cash in hand you can achieve steady and sustainable growth without worrying about making payroll on-time.
Is Payroll Funding right for you?
Every business should have access to a line of credit. It is the most affordable and convenient option. But not every company has the credit history required to qualify for a line of credit. If you find yourself occasionally in a cash flow crunch and need a temporary infusion of funds, payroll financing is your best option. But if you need the money a long period of time or find yourself constantly running thin on cash flow due to unpaid invoices, invoice financing is probably what you need.