Payroll funding is a term used by working capital finance or accounts receivable factoring companies. The term specifically refers to providing the capital it takes to pay employees of temporary staffing companies.
The key benefit of using a payroll funding company to finance your temporary staffing company is making sure you can always fill the job orders from your clients. Your employees are always paid on time each payroll period even if your clients take 10 to 90 days to pay your invoices.
Meritus has provided billions in funding to our temporary staffing clients over the past 19 years. Along with that experience comes great service, the lowest rates and an easy to use online onboarding process.
Here are a few details of our payroll funding program and why we could be the right fit for you.
There is nothing worse than watching a great business with a great idea, a product, or a service die because it lacks one thing. That one thing is cash flow, the lifeblood of a business.
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