Payroll funding for New York small businesses

What payroll really costs

Payroll is more than the net pay on checks. A realistic figure includes gross wages, the employer's share of payroll taxes, workers' compensation insurance and any benefits, and it is due at the same moment as everything else. When owners say they are short on payroll, they often mean the full loaded cost, not the take-home amount.

• Gross wages for the period, including overtime.
• Employer-side payroll taxes tied to those wages.
• Insurance and benefits that scale with headcount.
• Payroll provider fees, which are small but real.

Three common sources of a payroll gap

Slow customer payments

You deliver, you invoice, you wait. Payroll comes due before the invoice is paid, so you fund the work from your account for as long as the customer takes.

Seasonal dips

Businesses with busy and quiet seasons carry staff through the slow months and earn the money back later, if the cushion holds.

Growth hiring

A new hire costs money from the first day and earns money weeks later. Hiring ahead of a big order is one of the most common reasons an otherwise healthy business gets squeezed.

Illustration: a four-week gap

The numbers are invented to show the method and are not our terms. If your account cannot absorb the shortfall and still pay rent and suppliers, you need a plan before payday.

Questions to ask before you borrow for payroll

1. Is the gap temporary? A late invoice or a seasonal dip will pass. A permanent shortfall will not be solved by funding alone.
2. Do I know the payback date? Funding that arrives with no clear source of repayment simply moves the problem forward.
3. Can I name the receipts that will repay it? Specific invoices or a known busy season make the plan believable to you and to a funder.

Better than missing payroll

Missing payroll damages trust with staff in a way that is hard to repair, and some payroll tax obligations carry penalties for late payment. An owner who lines up funding before the shortfall can negotiate calmly. An owner who waits until the day before is in a much weaker position.

How we fit in

We fund $25,000 to $5,000,000, in as little as 24 hours. We consider FICO 500 and above, ask for about three months of business bank statements, require no tax returns, use a soft credit pull and take about five minutes to apply. Sole proprietors can apply, including owners with a few part-time staff. When you apply, a clean statement showing regular payroll debits helps explain why the funding is needed.