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Latest news .... Payroll Funding are pleased to announce the launch of a new product which meets a need for funding. Read more >> Payroll Funding for Small & Medium Sized Businesses is a unique finance solution that has recently been launched to assist business cash flow.- Aimed at companies with over 5 employees. - Provides 56-63 day credit terms on payroll costs up to a maximum facility of twice the monthly gross payroll or 9 weeks weekly payroll. - Applies only to incorporated bodies that are established for 18 months and have company accounts up to date. - Credit limit is granted to companies with positive balance sheets. - The funding is unsecured and requires no Directors guarantees other than fraud warranties. - The funding line can sit alongside all other funding as it requires no debenture. - Costs vary depending on the size of the facility. - The service is flexible and requires no long term commitment - Can be used to increase working capital, for asset purchase, deposits for asset finance deals and any other purposes where cash flow is required.
All that is required from you is the following information:
- Company name and registered number - Number of employees - Gross monthly payroll (including employers National Insurance) - Size of the credit limit requested (max 2 months/9weeks payroll). For further information please click on the Smartflow section. We will let you know within 24 hours whether your company qualifies and we can start making payments as soon as the necessary paperwork has been completed.
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