Payroll Loan

A payroll loan is a short-term financing option that businesses use to help pay employees. Payroll loans can help a business by easing the accounts receivables management process and improving cash flow.

When a business obtains a payroll loan, they are required to pay the lender in return for the cash advance or line of credit received. There are a few different types of payroll loans, including invoice factoring, short-term business loans, lines of credit, and merchant cash advances.