Payroll Finance

We have the facility to arrange online access to a unique and innovative product that offers funding geared to your wage bill, not your sales ledger or other assets. This revolutionary new form of finance is typically unsecured and is available to any creditworthy incorporated business (some others may be acceptable) with a gross monthly payroll upwards of £24,000 per month.

Facilities are offered up to the equivalent of two times the business’ monthly gross wage bill. As an example, if your gross wage bill is £250,000 per month, a facility of up to £500,000 can be offered.

These facilities have no penalties for early re-payment or fixed monthly fees and provide full utilisation (100%) of the agreed limit that can be accessed on an ad-hoc or rolling basis.

The facility is self managed online and operates in a similar manner to an online overdraft facility that can only be used to pay your business’ wage and PAYE/NI commitments directly, and gives you 56 days before repayment is due after each transaction.

The facility works alongside all forms of asset based finance without affecting existing security arrangements. It is also complimentary to a bank overdraft, and may reduce reliance upon factoring and invoice discounting facilities.

In practice the service has been demonstrated to allow business to accurately predict and reliably manage cash flow peaks and troughs throughout the year, especially during growth and high activity periods.

The service is also invisible to employees, clients, suppliers and competitors, thus maintaining your business’ confidentiality and protecting your advantage.

At a glance:
1. Funding geared to the wage bill
2. Accessible to any credit worthy business, any size or sector subject to limitations as above
3. Allows full utilisation (100%) of the agreed limit
4. Facility limits equivalent 2-months gross wage bill
5. Compliments asset based funding without restriction
6. Self managed online facility (similar to online banking)
7. Can be used ad-hoc or on a rolling basis
8. Invisible to employees, clients, suppliers, and competitors
9. No fixed monthly or annual fees
10. Typically no security required.

Please visit Application Forms and complete STANDARD APPLICATION FORM No 1.

Alternatively contact us direct by phone,fax or email. Please see our contact page

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