What is the process to receive funding?
- Submit required financials.
- Conference call with underwriting team to understand company history, strategy, and financial review.
- Decision made by underwriting team for funding. If it’s a good fit, we can execute the funding agreement and disburse funds as quickly as the same business day.
What financial records are required?
- Company Financial Statements
- Bank Statements
- Tax Returns
Will Payroll Funding Company run a credit report on me or my business?
No. Payroll Funding Company will not run credit reports on you or your business.
How quickly can I obtain funding?
As soon as we receive the required financial documents and conduct our phone review with you, you can obtain the funds as soon as the same day. Approval, dollar amount, and repayment terms are subject to final credit review and underwriting.
If I need funding for payroll, can I have it wired directly to my PEO?
Yes, if your PEO allows you to do so, wiring funds directly to your PEO on the company’s behalf eliminates transaction processing time so that payroll can be paid on time.
What if I need funding for purposes other than payroll?
Our capital can be used for any reasonable business need – not just payroll. Below are some examples of how clients use our short-term fundings.
- Supplier Discounts
- Marketing Capital
- Expansion Resources
- And more!
How is my funding limit established?
Typically, Payroll Funding will analyze a company’s financial needs and fund an amount anywhere from a recent payroll invoice amount or a multiple thereof.
Can I obtain additional funding once I have started paying on the first one?
Yes. If the company has had a solid payment history you can have multiple concurrent funding streams up to the established funding limit assigned.
Don’t see your question?
Use the form below to send us your question(s), or feel free to call or email us.
609-516-5100
steve@payrollfundings.com
Fast. Friendly. Private.
Get up to $200k same-day with no collateral required.
2. Let's Talk
Talk with our financial experts to discuss your current situation and evaluate how we can help.
3. Get Funding!
Get the funding you need for your business as soon as 24 hours after we talk on the phone.