Payroll
Funding
Manage Payroll Effortlessly
Managing payroll is one of the most essential and ongoing responsibilities for any business. But what if your company bills customers once a month while needing to pay employees weekly? Bridging the gap between payroll and customer invoice payments can strain cash flow, hinder operations, and limit your ability to grow. We understand the pressure this can place on your business and offer Payroll Funding solutions to meet your needs.
When your customer offers/demands longer payment terms, such as 30, 60, or even 90 days, you may struggle to meet payroll when employees need to be paid before your customers settle their invoices. Payroll funding allows you to leverage your accounts receivable, providing immediate access to cash so you can pay your employees on time without waiting for customer payments.
SouthStar can help you fund invoices for payroll even as they are being completed, and you can leverage up to 90% of the value immediately, ensuring you have the necessary funds available for payroll. When your customers pay their invoices, the remaining balance is paid back to you minus a small fee. This process eliminates the need for additional debt and allows businesses to meet payroll obligations without disruption.
Get the cash you need!
Get the cash you need!
SouthStar Advantage
Payroll Funding
Startups Welcome—First client, first employee, first payroll – let’s go.
Weekly Advances—Advance often to meet your needs.
Reliable—Critical funding on time for funding payroll.
Who Can Benefit from Payroll Funding?
Payroll funding, a key form of payroll financing, gives businesses the flexibility, speed, and reliability to keep operations running smoothly and employees paid on time, regardless of when customer payments are received. This financing solution is essential for businesses across various industries that must meet payroll obligations but face customer payment delays. It is particularly beneficial for companies with extended payment terms, seasonal cash flow fluctuations, or rapid growth.
Small & Medium-Sized Businesses
Those without access to traditional bank loans can use payroll funding to maintain cash flow and meet payroll obligations while waiting for customer payments.
Staffing Agencies
Companies that employ a workforce on a weekly or bi-weekly basis but bill clients monthly can rely on payroll funding to keep their operations running smoothly.
Janitorial Services
Companies providing ongoing services with extended payment terms often use payroll funding to bridge the gap between completing work and receiving payments.
Retail Businesses
Retailers with a large workforce and seasonal sales can benefit from payroll funding to ensure payroll is met, even during off-peak periods.
B2B Services
Businesses that invoice clients on longer payment terms can use payroll funding to access the working capital needed to pay their staff without waiting for client payments.
Manufacturing & Wholesale
Companies with extended receivables and a need for regular payroll disbursements benefit from payroll funding to maintain smooth operations.
Government & Education
SouthStar Advantage
Payroll Funding
Startups Welcome—First client, first employee, first payroll – let’s go.
Weekly Advances—Advance often to meet your needs.
Reliable—Critical funding on time for funding payroll.