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Payroll Loans for Business

Access the financing you need to cover your business payroll costs

 
Home > Types of Funding Solutions > Payroll Loans for Business

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Terms & Conditions

General Acceptance

Any applications submitted electronically shall have the same force and effect as if the application bore an inked original signature(s). The above information, together with any accompanying financial statements, schedules, or other materials, is submitted for the purpose of obtaining credit and is warranted to be true, correct, and complete.

 

US Patriot Act:

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person and business that seeks a business loan. What this means for you: When you apply for a loan, we will ask for your business name, address, and Tax Identification Number. We will also ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

 

For Loan/Merchant Services:

The Merchant and Owner(s)/Officer(s) identified in the application (individually, an “Applicant”) each represents, acknowledges and agrees that (1) all information and documents provided to National Funding, Inc. (“NF”) including credit card processor statements are true, accurate and complete, (2) Applicant will immediately notify NF of any change in such information or financial condition, (3) Applicant authorizes NF to disclose all information and documents that NF may obtain including credit reports to other persons or entities (collectively, “Assignees”) that may be involved with or acquire commercial loans having daily repayment features and/or Merchant Cash Advance transactions, including without limitation the application therefor (collectively, “Transactions”) and each Assignee is authorized to use such information and documents, and share such information and documents with other Assignees, in connection with potential Transactions, (4) each Assignee will rely upon the accuracy and completeness of such information and documents, (5) NF, Assignees, and each of their representatives, successors, assigns and designees (collectively, “Recipients”) are authorized to request and receive any investigative reports, credit reports, statements from creditors or financial institutions, verification of information, or any other information that a Recipient deems necessary, (6) Applicant waives and releases any claims against Recipients and any information-providers arising from any act or omission relating to the requesting, receiving or release of information, and (7) each Owner/Officer represents that he or she is authorized to sign this form on behalf of Merchant.(8) I consent to receive direct mail, faxes, text-messages, and e-mails sent by National Funding and its affiliates for the purposes of transmitting account updates, requests for information and notices, and (9) this request is for business and not for consumer purposes.

 

For Equipment Services:

I hereby certify: (1) the information provided is true and correct, (2) you are hereby authorized to investigate all bank, credit, and trade references, and said references are hereby authorized to release any requested information to you or your nominee, (3) such authorization shall extend to obtaining personal credit profile in considering this application and subsequently for the purposes of update, renewal or extension of such credit or additional credit and for reviewing or collecting the resulting account, (4) this information may be transmitted by us to you and by you to underwriter(s) for the purpose of granting me credit, either electronically or manually, and that by submitting this application, I take full responsibility for transmission thereof, (5) I am over 18 years of age, (6) I acknowledge my rights under the Fair Credit Reporting Act, (7) I consent to receive direct mail, faxes, text-messages, and e-mails sent by National Funding and its affiliates for the purposes of transmitting account updates, requests for information and notices, and (8) this request is for business and not for consumer purposes.

 

Text Messaging:

By providing my wireless phone number to National Funding, Inc., I agree and acknowledge that National Funding, Inc. may send text and multimedia messages to my wireless phone number for any purpose. I agree that these text or multimedia messages may be regarding the products and/or services that I have previously purchased and products and/or services that National Funding, Inc. may market to me. I acknowledge that this consent may be removed at my request but that until such consent is revoked, I may receive text or multimedia messages from National Funding, Inc to my wireless phone number.

  
The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status or age (provided the applicant has the capacity to enter into the binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. If for any reason your application for business credit is denied, you have the right to a written statement of the specific reasons for the denial. To obtain the statement, please write to National Funding Inc., 9820 Towne Centre Drive, San Diego, California 92121. Funding amount and credit approval is subject to a full credit profile review.

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How a Payroll Loan Can Help Your Business

As a small business owner, there are different times during the year when you may need access to additional financing to cover your payroll costs. Due to unexpected challenges like the current COVID-19 pandemic, or other unforeseen events, your business may need bridge financing to help you pay your employees’ salaries on time. Business loans with National Funding give you fast and flexible funding to help your business payroll run smoothly.

Fast and Flexible Funding

  • Quick turnaround, flexible financing, and a great service to a wide range of industries
  • Easy application process which takes minutes to complete

Cover Your Payroll Salaries

  • Ensure that your payroll expenses are covered for payday
  • Cover any related payroll salaries with business financing

Bridge a Gap in Cash Flow

  • Use business financing as a bridge gap loan for your business
  • With payroll financing, free up cash flow for other business needs

Grow Your Business

  • Free up other working capital to spend on growing your business
  • Use funding to hire additional staff and pay for additional salaries

How to Apply

The process to apply for a payroll loan for business is easy. Use our simple online application to get started. One of our friendly Loan Specialists will get in touch to discuss your financing options.

Apply Now

or call

888.733.2383

How Does a Payroll Loan for Business Work?

Easy Application Process

The online application takes minutes to complete.

Helpful Loan Guidance

Your Loan Specialist will work with you to find the right loan for your business.

Quick Decision, Fast Funding

If you qualify, your application can be approved and your loan funded in as little as 24 hours. 1

What Customers Are Saying

Ron Beatty

Ron Beatty, Owner

Beatty Lawn & Tree Service

Knowing how hard it had been trying to secure small business loans in the past, this family-owned business sought out National Funding thanks to its reputation for accessible, hassle-free loans. Being able to purchase new, reliable equipment was a critical component for this growth of my business, and National Funding helped them make it happen.

Why National Funding?

National Funding is dedicated to helping business owners succeed. We’ve worked with businesses of all sizes and in all industries to help them get the financing they need. Our simple loan process makes applying and securing financing easier than ever.

We Know Your Industry

We’ve helped business owners in all industries find the right financing

Simple, Fast Application Process

No-cost, no-obligation application with funding as fast as 24 hours 1

A Trusted Lending Partner

Supporting 50,000 businesses nationwide with over $3 billion in funding

Dedicated Loan Specialists

Our Loan Specialists care about your success and guide you to the right loan to get the cash you need

High Approval Rates

Even if you’ve been turned down elsewhere, there’s still a great chance we can get you the business capital you need

Hassle-Free Payments

We provide fixed terms and set up simple, automatic payments

Payroll Loans for Business Resources

It’s important to continue to learn new skills and tips as you grow with your business. We curated the best resources on managing your small business.

3 Situations Where a Payroll Loan Can Be Helpful

3 Situations Where a Payroll Loan Can Be Helpful

Running a business isn’t always easy. There are times when keeping your company in the black is a real challenge. However, no matter what the obstacle a business owner faces, there are some things that should never be overlooked – like payroll.

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A Guide to Payroll Software for Your Business

A Guide to Payroll Software for Your Business

Your employees are your business’s most valuable asset. Thanking them on a daily basis, honoring an Employee of the Month, and hosting team events are just a few ways to show how much you appreciate them. But do you want to know the number one way to express your gratitude for their hard work? Make sure you always pay them on time. Payroll software for small business operations can help you accomplish that task.

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COVID-19 Tax Relief for Payroll Taxes

COVID-19 Tax Relief for Payroll Taxes

After securing an inventory loan, it’s tempting to restock your inventory right away with your new funds. First, take a look at this article to help you determine the best ways to use your loan. Learn how to measure sales data for an accurate read on what customers want and how to define your niche within your industry.

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FAQ: Payroll Loans for Business

Have questions about payroll loans? You’re not alone. We put together this list of the top questions business owners ask about payroll loans.

Is it hard to apply for a payroll loan?

No! At National Funding, we make the loan application process simple. Our online application only takes a few minutes to complete.

Yes! A less-than-perfect credit score shouldn’t hold your business back form supplying customers with the products or services they need.

Depending on your lender and qualifications, you could get a business loan for a vehicle faster than you might expect. At National Funding, for example, we pride ourselves on our ability to process and approve qualified applicants quickly. Some approved applicants receive funding in as little as 24 hours.1

National Funding offers business loans with no down payment or collateral needed. That means you won’t need to disrupt your cash flow to secure your loan.

Ratings & Reviews

We work hard to provide a personalized experience for every business owner. Read our reviews to see how we’ve helped business owners like you.

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Disclosures

Legal Disclosures

True to our mission, we encourage you to read the following policies and learn how they affect you as a client.

 

(1) 24 hours:

Fast approvals and 24 hour funding subject to receipt of required documentation, underwriting guidelines, and processing time by your bank. Funds are deposited into your business checking account as soon as the next business day after approval and acceptance of terms.

 

(2) Early payoff discounts:

National Funding offers special opportunities for its customers to terminate contracts early and receive a discount in the process.  Equipment Finance customers who pay off the total remaining balance early,  at any point during the contract, will automatically receive a 6% discount off the total remaining balance.   Working Capital customers who pay off the total remaining balance in full within the first 100 days of the contract will automatically receive a 7% discount off the total remaining balance.  We do not currently offer a discount on our lease contracts. Customers must pay off the balance in full, be current, and in good standing to take advantage of the discount within the time parameters.

 

(3) Automatic payments:

Loan payments are withdrawn via Automatic Clearing House (ACH) Monday through Friday excluding bank holidays.

 

(4) Wide variety of payment options:

  • Equipment Financing: payments are remitted monthly with terms of 2-5 years
  • Working Capital Loan: payments can be remitted daily or weekly with terms of 4 months up to 24 months

 

(5) Potential Tax Savings:

The Section 179 Tax Deduction allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. Meaning, if you buy (or lease) a piece of qualifying equipment, you can deduct 100% of the purchase price from your gross income. You can secure the equipment, tools, and technology you need, while also taking advantage of significant tax deductions - up to $1,000,000. Consult your tax professional for more details.

 

(6) Guaranteed lowest payment:

Pursuant to the terms and conditions specified in these Rules and Restrictions of the Guaranteed Lowest Payment, National Funding guarantees to provide the lowest payment on equipment leased through National Funding, for lease terms from 24 to 60 months, or to pay $1000 towards qualifying executed leases. Lease payment comparisons must be based on a lease in excess of $10,000, for approved equipment, and with the same terms and conditions as those offered by National Funding within seven days that the National Funding terms are issued. To be eligible, customers must provide a competitive lease quote without contingencies, and vendor invoice, and in the name of the lessee within seven calendar days of the date National Funding issues its terms. Guarantee only valid on competitive equipment leases. Equipment finance agreements do not qualify.

In the event that the monthly lease payment amount from the competing lease company or bank is lower than the monthly payment that is being offered by National Funding for the same equipment and pursuant to the same terms, National Funding will verify the validity and accuracy of the competing leasing company’s or bank’s payment options, terms and the vendor quote. National Funding has the option, in its sole discretion, to either beat the competing leasing company’s or bank’s monthly payment rate, or pay $1000 to the lessee. The lessee must provide National Funding with the competing company’s or bank’s signed lease agreement with payment terms/options, and take delivery of the equipment. Payments will be made within 30 days, and lessee is responsible for any taxes.

The Guaranteed Lowest Payment is available to both new and established customers of National Funding. This offer is valid for new lease applications only. The Guaranteed Lowest Payment is not retroactive — a previously funded equipment lease with National Funding is not eligible for the Guaranteed Lowest Payment. Only non-contingent offers of lease terms and payment are eligible. Offers made to lessee that include subsidization by manufacturers and/or vendors will not be considered in comparing competing offers.

The Guaranteed Lowest Payment may be discontinued at any time without notice.

To participate in the Guaranteed Lowest Payment program, if you have a lease agreement and vendor quote which you believe will qualify for the program, contact your National Funding Lease Manager.

 

(7) Terms and Conditions apply:

This is not a guaranteed offer of credit. Loans subject to lender approval. Approval amount is based on eligibility determined by information obtained from Dun & Bradstreet. Actual eligibility may vary. Restrictions may apply. Application is subject to approval by the lender and is based on factors such as business type, time in business, annual sales, average bank balances, personal credit and other variables deemed relevant by the lender.