Payroll Financing

What is Payroll Financing?

One of the biggest responsibilities for a business owner is making payroll. Financing your payroll is a method of allowing your company to finance invoices and assets in order to do just that. The success of your business depends on your ability to pay your employees and pay them on time. For any business, making payroll and ensuring you are always on top of it can be difficult. This is especially true for smaller companies looking to expand. Depending on your specific situation, making payroll may be a stressful and difficult endeavor. With payroll funding, you can reduce this stress and keep your employees happy.

How Does Payroll Funding Work?

Payroll financing by PAYRO Finance is a short-term, unsecured loan specifically for payroll. It is a Line of Credit that businesses can draw against to cover payroll, and like a line of credit, you only pay interest on what you’ve withdrawn. At the same time, it is easier to qualify for than a Line of Credit or Invoice factoring. When processing payroll, businesses can draw funds up to the net cash requirement for that particular payroll run.

Who is Payroll Funding for?

If you are wondering whether or not Payroll Funding will work for your situation, some questions to ask yourself include:

– Are you struggling to make payroll on time?
– Does your business have extended payment terms?
– Is your business experiencing rapid growth?

HOW IT WORKS



Request Funding

Upon completing a payroll submit a funding request online



Schedule Payment

Choose your preferred payment date



Get the Money

Receive funds in your payroll account on the same day

TERMS

Approval

Pre-approved up to $20,000 with a max approval of $500,000

Rate

1.5% Weekly Rate and $100 transaction fee

Term

1-4 weeks

Apply Now

FREQUENTLY ASKED QUESTIONS

How do I Request Financing?

Contact your payroll representative or visit www.payrofinance.com

How Much Financing can I get?

Pre-approved for up to $20,000 with a maximum approval of $500,000

What do I need to qualify?

One year in business, at least 3 months with CRI Payroll and good payment history

When is the Deadline to request Financing?

1:00 PM EST for same day funding

What if my Payroll is more than the Approved Amount?

You can get funded up to your maximum approved amount

Can I request additional financing if I have an open balance?

Yes. If payments are up to date you can request funding up to the amount approved

Can I change my payment schedule?

Yes. Up to 4 weeks from getting funded

Is there a penalty if my payments bounce?

Yes. First occurence $75. $150 thereafter

Drop us a line!

REVIEWS

100% RECOMMENDED

David Potter is absolutely the best in the business. His payroll services are incredibly streamlined and his organization skills is unmatched. He gives us financial reports at our fingertips and so easy to deal with. CRI has saved us money and time and a pleasure to work with!

Ernie Preate
12/18/2021

This team of professionals has our payroll in order and on time with out delay. regardless of the time crunch we give them and they always are available to help with any payroll issue that we throw at them.

Thomas Miller
12/09/2021

CRI is always there for me, no matter what. The smallest of tasks can be sometimes confusing, and they always give great instructions, or will do the task for me. I recommend hugely.

Carole Smith
12/09/2021
Since we began working with CRI for our payroll, everything is so much more efficient and easier. David Potter is quick to respond to any inquiries and always answers any questions we have. The ease and peace of mind in knowing that our payroll is run efficiently and quickly is invaluable.

Cindy Whitaker
12/09/2021

Been doing business for 25 years, Would never trust anyone else!

Thanx!

George Bieber
1/21/2021

There is no better payroll company anywhere. Very helpful and easy to work with!

Aaron Sverduk
11/13/2019
Fast, efficient and worry free payroll service! Payroll is always done right and the taxes get paid without worry. This is the most affordable and hassle free way to manage payroll and taxes ever! Check out this local business and remove the payroll problem from your desk.

Amy Stout Amendola
2/28/2019

During my (other Real Estate Career) as President of a Property Management firm; our company operated multiple properties; multiple staff; multiple time card reporting methods - it was *organized chaos* - CRI never missed a beat - Paychecks / Tax Payments / Tax Returns / W-2's Accurate and ON TIME. Always hire the best if you want the best! CRI is the best ! !

Christina L Moyer
1/23/2019

CRI is definitely big enough to handle any size business but also intimate enough that you’ll never feel like just another client. I’d recommend them to any business that’s looking for a trustworthy company to handle their payroll etc., a special thanks to David and Sandy for always being there!

David A. Martin
1/23/2019