Staff are the most important asset of any business, and ensuring that you can comfortably meet your wage commitments is essential. During seasonal dips in revenue or periods of growth, the weekly or monthly payroll can quickly put pressure on cash flow, inhibiting growth and holding you back from achieving your business goals.
Payroll finance is designed to help businesses overcome these common challenges, providing capital secured against invoices or assets which can be used to fund wage payments. Applications can be made quickly and easily online with funds transferred directly into your business bank account.
Take control of your payroll by accessing a wide range of financing solutions.
Payroll finance is an excellent resource for recruitment agencies and other businesses which rely on prompt staff payments through time sheets. You'll often need to pay staff far quicker than customers are expected to pay their invoice, leaving a temporary deficit which can have a detrimental impact on working capital.
Invoice financing your payroll will allow you to advance a chosen percentage of your raised customer invoices, giving you lightning fast access to the funds you need to get staff paid. Once the final invoice has been settled in full, the remaining balance will be transferred directly to your account, minus lending fees.
For businesses who don't wish to outsource their sales ledger, assets can also be used to secure funding at highly competitive rates through refinancing. You'll retain full use of the assets used as part of the arrangement whilst also benefiting from affordable repayments until the capital loan has been repaid.
