Payroll Funding Services

Payroll Funding, enables your business to sell its outstanding invoices at a discount to a third-party (Seacoast), and receive capital immediately. Once the invoice is paid by the customer the remainder of the funds are remitted to you within 24 hours minus a nominal fee. Business payroll funding is not a loan. It is an advance on invoices you have already sent to your clients, to help you manage your cash flow and keep your employees satisfied with regular payment.

Paying your employees weekly and waiting 30-90 days on customer payments can cause cash-flow constraints. Businesses need the flexibility to increase or adjust staffing needs at a moment’s notice, without worry that the additional payroll needs will cause problems for cash flow. Industries that rely on short-term employees to handle seasonal fluctuations in business could use payroll funding as a way to manage the additional overhead costs.

Payroll funding services offer a reliable approach that reduces the complication and stress of waiting for your incoming invoices. This funding approach does not require you to repay a loan or extend your commitment beyond the payment of the outstanding invoice. By utilizing payroll financing, your business can confidently meet payroll week-after-week and manage business operations timely.

Payroll funding is the term used to describe invoice factoring, in order to fulfill a business’s payroll needs.  With payroll funding a determination can be made by underwriting within 48 hours of receiving all documentation.  

Whether your business requires funding for payroll or general invoice factoring, utilizing a working capital solution ensures your business always has access to capital to support long-term growth and profitability.

Almost any industry can use funding for payroll, including startups, retail, education, utilities, financial services, and more. If payroll affects your cash flow and represents a significant amount of your business’s overhead costs, our funding solutions might be the best approach. Payroll funding for small business can be a practical way to ensure that you have the capital to pay your employees, as you meet your company goals for growth.

Payroll funding solutions offer a number of advantages to your staffing business, including:

• Unlimited access to reliable capital
• Same day funding
• Flexible and competitive rate structures
• Quick access to capital
• Outstanding customer service and support
• Easy to obtain
• Does not add debt to balance sheet
• Financing that grows with your business
• Ability to support extended terms for customers

Payroll factoring makes it simple to pay your employees on time, without worry about its effects on your cash flow. Once you get our initial approval, subsequent requests may take much less time.

The costs typically depend on the amount of funds needed, the commercial credit quality of your customers, and the transaction’s general risk.

We offer competitive rates that help your business handle payroll needs, covering a variety of industries. Our programs are designed to be easy to understand and relevant to your unique needs.  As your business grows in experience with our service, we may tailor the program to take advantage of lower risk by offering fewer restrictions.

With more than 30 years of experience, Seacoast Business Funding offers solutions that are unique, scalable, fast and competitive with other payroll funding services. Our clients appreciate our effort to understand their needs and create programs that solve problems, improve efficiency and provide real long-term solutions. We have a long list of success stories and partnership programs for referrers.

Seacoast Business Funding is a leader in providing payroll financing for all kinds of businesses. For a quote, please complete this form or you can call 800.619.0804 and a dedicated representative will assist you in finding a customized working capital solution for your business.