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Payroll Finance

Payroll finance is a specialist form of financing available predominantly for the recruitment industry. It is a combination of invoice financing and back office support.

We will fund up to 100% of your weekly wage commitments and offer protection against bad debts. In addition, we’ll provide back office services including payroll administration, credit control and HM Revenue and Customs reconciliation.

Whatever the industry, meeting weekly or monthly payrolls can be a challenge when you are waiting for customers to settle your invoices. Our commercial finance specialists will work with you to ensure that your employees are paid on time, every time.

We will charge you just one fee for our service, expressed as a percentage of your sales.

Features and benefits

We will:

  • Handle all key administrative tasks, like making sure your pay as you earn (PAYE) complies with legislation.
  • Fund 100 per cent of your weekly wage commitments.
  • Handle all payroll management, including temporary staff and contractors.
  • Take care of all aspects of HMRC reconciliation, including income tax deductions, National Insurance contributions and VAT.
  • Manage your sales ledger.
  • Provide debtor protection.
  • Offer credit checks and conduct credit control.
  • Pay your profit margin free of charge via CHAPS every Thursday.

If you would like to find out more about payroll finance or any of our other commercial finance products and services, such as factoring, invoice discounting and asset-based lending then visit our dedicated website.

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Making sure you get a fair deal

We want you to find a product that's right for your circumstances, which is why we adhere to the Standards of Lending Practice, which are monitored and enforced by the Lending Standards Board.

To find out more you can read the statement of responsibilities, which details what's expected of us, the lender and you the borrower.

Download the statement of responsibilities