Covering payroll
Pay your employees on time in any season
Your most important asset as a small business owner? Your employees. Paying them on time is critical to maintaining your operations — even when your cash flow makes that a challenge.
Late payroll or errors can result in reduced trust and morale among your staff, not to mention penalties from the IRS. That’s why business owners, like you, rely on financial solutions to cover payroll during slow seasons or when cash flow gaps hit.
Common payroll expenses
Ensuring your employees receive their paychecks on time is one thing, but the costs associated with running payroll and other human resources services can add pressure when you’re strapped for capital.
Here are some common expenses associated with maintaining payroll as a small business owner:
Payroll Processing Costs
- Payroll software subscriptions
- Outsourced payroll services
Employer Taxes and Contributions
- Federal payroll taxes (Social Security and Medicare)
- Federal and state unemployment taxes
- Workers’ compensation insurance
Administrative Time Costs
- Recordkeeping and compliance
- Compliance research
- Data security for protecting sensitive employee data
Employee Benefits and Deductions
- Health insurance premiums (if covered by the business)
- Retirement contributions (if matching contributions are offered)
- Paid time off accruals
Cover payroll and maintain peace of mind.
How financing can cover payroll and more
Let’s say you run an auto repair shop, for example.
And you have several bills that require immediate payment when payroll is due, forcing you to choose between paying taxes, critical vendors, or your staff. But with a boost of capital, you don’t have to make that tough call.
So you use SmallBusinessLoans to find trusted financial providers who offer the fast and flexible funding you need to make payroll on time. From a list of top options, you choose the one that best suits your business and receive funds in just 24 hours.3
Now you’re able to make payroll and cover your other important payments without missing a beat.
Best financing options for payroll
Whether you’re experiencing a seasonal slump or you just have too many payments due at once, you’ve got financing options at your disposal. At SmallBusinessLoans, you can find partners who specialize in payroll solutions like these recommended financial products.
Working capital loan
A working capital loan is specifically designed to cover working capital expenses, from payroll to new equipment and utility bills.
Short-term loan
Short-term loans can be deposited in as fast as 24 hours,3 so there’s no delay in funding business-critical expenses like payroll.
SBA loans
The SBA partners with banks to offer years-long financial solutions. With this type of flexible funding, you can strengthen your business so that you can avoid cash flow gaps in the future.
Skip the research with SmallBusinessLoans and we’ll connect you with trusted financial providers, instantly. All you have to do is fill out our quick online form so we can match you with the best options for your needs.
