Apply for a Payroll-Specific Line of Credit
Having Trouble Making Payroll? We Have A Solution For You.
Our partner has the long-awaited solution to a common business challenge: Covering payroll when cash is tight, without going into long-term debt.
Unlike other loan options, PAYRO offers low-cost funding at the lightning quick turnaround you need-Just 48-hours to approval, and same-day funding from there.
Rates as low as 1.5%
Financing up to $500,000
How It Works
APROVAL- Apply by phone, email or online. A PAYRO underwriter will reach out within 1 business day to process your application. You will nee 6 months of bank statements(financials are not required). PAYRO will review and analyze your application and will have a decision within 1-2 business days.
FUNDING- Once approved, you can request payroll coverage anytime cash is low and payroll is due. PAYRO, upon request will wire the funds the same day to ensure your payroll is covered on time.
REPAYMENT- You have up to 4 weeks (28 days) to repay the funds you borrowed. Simply choose the date you want to repay your loan withinn those 4 weeks and PAYRO will draw the entire amount plus interest on the date you requested. There is on early payment penalty. You can repay the loan at any time thoughout the 4 week period.