PAYROLL LOANS VIA RECEIVABLES FINANCING
Payroll factoring fees as Low as 1% + High Advances
Did you know unpaid customer receivables can be leveraged for payroll loans?
Unlock the money needed to meet payroll and operating expenses.
Staffing agencies often leverage unpaid customer receivables to receive payroll loans. While it is common practice in the staffing industry, it is a business finance tool that can be used by many different types of organizations.
In fact, nearly any type of B2B (business-to-business) seller can obtain payroll loans by factoring unpaid customer receivables to a factoring company like Wave Crest Financial. Cash in hand, they can meet payroll and operating expenses and stay focused on growing and running their company, instead of seeing operations slowed or stalled by slow cash flow.
How the process works:
Day one: Factor an unpaid customer invoice, retainer, or receive an earnings statement with Wave Crest Financial.
Same or next business day: Receive an advance (often ranges from 80-95%) of the invoice amount for a small fee - called a factoring fee. Your factoring fee could be as low as 1%.
Day 30-45-60+: Once we have received payment on the receivable you will also receive any amount held in reserve.
We understand that cash flow challenges can slow or stall organizational growth. Rapid invoice factoring can alleviate the negative impacts of slow receivables!
Take the next step and reach out for a free, no-risk quote.
How the Invoice Factoring Process Works for Payroll Loans
Apply
Apply and get approved to factor invoices, recurring retainers, or earnings statements.
Factor Invoices
Submit receivables and get paid within 1-2 business days (or even faster!)
Get Working Capital
Get the money your business needs to make payroll, meet expenses, and reinvest in your business more quickly.
Speed Up Cash Flow
Factor on a regular, occasional, or a one-time basis - when it is in the best interest of your business!
Benefits of Factoring Payroll Loans
with Wave Crest Financial
Low fees and high advances.
Your business may be able to obtain payroll loans by factoring unpaid customer receivables. Factoring immediately unlocks money that might otherwise be tied up in customer receivables for weeks, or even months, with no impact to customer payment terms.
In addition, leveraging receivables to speed up cash flow through invoice factoring can enable your organization to:
Save money - take advantage of cash or fast-pay discounts offered by your suppliers
Attract and acquire new customers, or take on larger accounts or bigger orders
Invest in capital equipment, facilities, marketing and advertising, renovations, etc.
Minimize financial risk from bad debt with non-recourse factoring
Reduce time spent on receivables, including time lost chasing customer payments
Minimize negative impacts of slow-paying customers
Why choose Wave Crest Financial?
One of the biggest reasons to choose Wave Crest Financial for factoring payroll loans is that we have first-hand experience in running a business, including making payroll. We know that slow cash flow can make it difficult to meet payroll costs, especially if your company is growing.
Our mission is to speed up cash flow through rapid invoice factoring can be used by nearly any type of B2B company for nearly any business purpose, including payroll loans. Our clients enjoy:
Low factoring rates - fees as low as 1%
Same and next day funding
Competitive advances up to 95%
No hidden fees
No minimums - factor when you choose!
No long term contract requirements
Reach out for a free, no-obligation quote for factoring payroll loans. Get answers in 24-48 hours (or even less) and unlock working capital through receivables financing as soon as you are approved.