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10-02-2017, 11:45 AM #1Senior Member
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Payroll financing
I saw once a post about a lender that can fund based off merchants payroll but I can not find the post in the search. Does anyone know which lender that was? thanks
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10-02-2017, 11:55 AM #2Senior Member
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Sachip24,
There are a handful of factors/lenders out there that finance payroll. Usually this is done for staffing companies. The better alternative is to finance their AR as you typically get higher advance rates and it can be much more cost effective. We LOVE the staffing industry and would be happy to take a look.
Best,
Kevin
Kevin.Henry@SeacoastBF.comKevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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10-02-2017, 02:21 PM #3Senior Member
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What industry? Talk to Steve at our shop
Carl Fairbank
Founder & CEO boldMODE
www.boldmode.com
Carl@boldmode.com
Founder & former CEO of Breakout Capital (sold to SecurCapital in 2019)
www.breakoutfinance.com
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