How it worksYour payroll covered in a few clicks
Step 1Apply for freeTakes 5 minutes
All you need is your 6 most recent bank statements and your tax ID. Done."Took me less than five minutes. It took longer to get PDFs off my own bank website than it did to apply with Payro. And then I got a literally immediate response."Lance Reynolds
- No financial documents
- No tax returns
- No P&L reports
- No balance sheets
- No personal net worth
Step 2Get approvedin 2 business days
Our underwriting team reviews your bank statements and issues you a credit limit — up to $500,000.
Now you have backup emergency funds available to you for payroll whenever you need it, and there’s no cost until you actually withdraw funds."Since Payro, we never have to tell an employee they’re not going to get a paycheck. It helps us keep our employees happy so we don’t lose them."Pangda Lee
Step 3Request fundsin 4 clicks
Log into your account. Enter the amount you’d like, and how many weeks you need the funds for. You can keep the funds for up to 4 weeks (28 days). You’re set!
Your repayment (loan amount + 1.5% interest/week) will automatically be withdrawn on the payback date you requested.
Want to repay early? Go ahead and repay online, there’s no early payment penalty."I can request a loan in virtually 60 seconds with a couple clicks after logging in – without a bunch of the hoops it seemed like everyone else wanted us to jump through."Michael Torres
Step 4Get fundedthat same day
We set up the wire transfer immediately. If you requested funds before 1pm EST on a business day, you’ll get funds in your account that same day.
Otherwise, it will hit your account on the next business day."I’m impressed at how they underpromise and over deliver. We submitted all of our payroll. It said this will fund within three to four days. An hour later, my office manager called and said, hey, that already funded."Jim Sega
Step 5Get funded againas soon as you repay
As long as you have a credit line with us, your credit limit is always available.
Immediately after your repayment clears, you can request funds again. And again. And again."I’m impressed at how they underpromise and over deliver. We submitted all of our payroll. It said this will fund within three to four days. An hour later, my office manager called and said, hey, that already funded."Jim Sega