Payroll Funding
If you need a short-term loan in order to make payroll, we can help. Businesses facing a shortage of funds can opt for payroll loans, which are a type of business loan designed to address this specific financial need.
The Only Funding Solution Designed Exclusively for Payroll
- Apply in under 5 mins (no paperwork)
- Get approved in 2 days
- Funds in your account within 24 hours
- Repay in 1-4 weeks
- Always the same low rate of 1.5% interest weekly
Apply for Free
- No Financial Documents
- No Tax Returns
- N0 P&L Reports
- No Balance Sheets
- No Personal Net Worth
- All You need is the 6 most recent bank statements and your tax ID. Done.
Terms
- Rates as low as 1.5%
- Financing up to $500,000
- Same-day funding
Pre-qualifications
- 2 Years in Business
- At Least 5 Employees
- Loan can only be used for payroll
How it Works
Approval Process
- Following your application, an underwriter will reach out within 1 business day to gather some documents and process your application.
- The underwriter will review and analyze your documents and will have a decision within 1-2 business days.
Documents you’ll need:
- 6 months of bank statements (financials are not required).
Funding
- Once your business is approved, financing will be fully integrated within your payroll service.
- Timeline: We will process your request and wire the funds directly into your account same-day to ensure your payroll is covered on time.
Repayment
- You have up to 4 weeks (28 days) to repay the funds you’ve borrowed.
- Simply tell us the date you want to pay back your loan within those 4 weeks and we’ll draw the entire amount plus relevant fees on the date you requested.
- There’s no ‘early payment’ penalty. You can choose to repay the loan at any time throughout the 4 week period.
Let’s get started
Start Your Free Consultation
Contact us
Dont want to email? Just give us a call.
Address
8713 Airport Fwy, #310
North Richland Hills, TX 76180-7611
csr@majorpayroll.com
Call us
815-502-2396