Payroll Financing

Cover your payroll on time, every time

How It Works

We all have had this problem. Payroll is coming up and cash flow is short. What can you do? Don’t worry, Workplace HCM is here to help. With Payroll funding powered by PAYRO, never stress about payroll again.

Request Funding

Upon completing payroll submit a funding request

Schedule Payment

Choose you preferred payment date

Get the Money

Receive funds in your payroll account on the same day

Financing Terms

Approval

Pre-approved up to $20,000 with a max approval of $50,000

Rate

1.5% Weekly rate and $100 transaction fee

Term

1 – 4 Weeks

Frequently Asked Questions

How do I request financing?
How much financing can I get?
What do I need to qualify?
When is the deadline to request financing?
How do I request financing?

Contact your payroll representative or visit our website www.payrofinance.com

How much financing can I get?

Pre-approved for up to $20,000 with a maximum approval of $500,000

What do I need to qualify?

One year in business and at least 3 months and good payment history with Payroll Medics

When is the deadline to request financing?

1:00 PM for same day funding

What if my payroll is more than the approved amount?
Can I request additional financing if I have an open balance?
Can I change my payment schedule?
Is there a penalty if my payments bounce?
What if my payroll is more than the approved amount?

You can get funded up to your maximum approved amount

Can I request additional financing if I have an open balance?

Yes. If payments are up to date you can request funding up to the amount approved

Can I change my payment schedule?

Yes. Up to 4 weeks from getting funded

Is there a penalty if my payments bounce?

Yes. First occurrence $75. $150 thereafter

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