High-speed, low cost payroll funding

Everything you need to know about PAYRO’s payroll financing program

Terms
  • circle tick Rates as low as 1.5%
  • circle tick Financing up to $500,000
  • circle tick Same-day funding
Prequalifications
  • circle tick 2 years in business
  • circle tick At least 5 employees
  • NOTE: This loan can only be used for payroll.

How it works

1

Approval

Following your application, a PAYRO underwriter will reach out within 1 business day to gather some documents and process your application.

PAYRO will review and analyze your documents and will have a decision within 1-2 business days.

Documents you’ll need:

6 months of bank statements (financials are not required).

2

Funding

Once your business is approved, financing will be fully integrated within your payroll service.

You can also request funding through the PAYRO app.

Timeline:

PAYRO will process your request and wire the funds directly into your account same-day to ensure your payroll is covered on time.

3

Repayment

You have up to 4 weeks (28 days) to repay the funds you’ve borrowed.

Simply tell PAYRO the date you want to pay back your loan within those 4 weeks and we’ll draw the entire amount plus relevant fees on the date you requested.

Early Payments:

There’s no ‘early payment’ penalty.You can choose to repay the loan at any time throughout the 4 week period.

FAQs

Apply Online Get Started
Give us a call 1-833-271-4499 Hours: M-F, 9am - 5pm

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