Detroit Payroll Funding
One of the major challenges for most business owners is funding their payroll. How do you bridge the gap between business growth and operating capital? How can you pay your employees every Friday for work done on invoices due in 30 days? Detroit Factors provides Detroit payroll funding services to mid-market companies with cash flow issues.
At Detroit Factors we work one-on-one with businesses and companies to help improve their cash flow so they can pay their employees on time - even when customers still have 30, 60 or 90 days to pay their invoices. Our Detroit payroll funding company will provide you with up to 96% of the face amount of your invoices in cash, and take on 100% of the risk of collecting the invoice.
Unlike most Detroit payroll funding companies, Detroit Factors can advance you cash for your invoices in as little as 24 hours - not the usual 30, 60 or 90 days you have to wait for invoices to be paid. Also known as invoice factoring, our payroll funding services are one of the simplest, yet most helpful, options available to businesses dealing with shortages in payroll. Payroll funding is not a loan, so there are no closing costs, no origination fees, no interest, and no long-term commitments required.
Expand or grow your staffing company or business with the many payroll funding options available at Detroit Factors. Even businesses facing challenging financial situations can use our payroll funding services. Complete our application now and we will let you know if you are approved for payroll funding in the next 24 hours.
