Payroll Finance

We’ll introduce suitable payroll finance providers

Payroll finance is a form of invoice finance, designed specifically to support the cash flow of recruitment companies, providing the funding that’s required to pay temporary workers’ wages in addition to vital back office support.

At Hilton-Baird, we have a proven track record of introducing recruitment companies to the most suitable payroll finance solutions. We have proven experience in all types of invoice finance– we were voted Invoice Finance Broker of the Year at the Business Moneyfacts Awards in 2018, 2020, 2022 and 2023 – and can use our experience to help your business find the best funding solutions available.

Request a call back from a member of our team to discover how we can help, or use our quote tool to find out how much funding your business could secure with a payroll finance facility.
Request a call back

How does payroll finance work?

Whilst providing the back office support elements listed above, the payroll finance company also releases the funding to pay temporary workers’ wages on time. Here’s how that part of the facility works:

  1. Your business forwards timesheets to the payroll finance provide
  2. They will then raise an invoice and send it to your client, based on the timesheets supplied
  3. The funder pays the temporary workers’ wages, calculating tax deductions and other elements such as student loan repayments, pensions and maternity pay
  4. Any surpluses are made available to your business
  5. The funder then collects payment from your client

 

Tick Icon

Is payroll finance right for my business?

If your business is active in the temporary recruitment arena, payroll finance could be a fantastic, all-encompassing solution to help boost cash flow and remove some of the associated back office headaches.

As a commercial finance broker, we can introduce your business to the most suitable finance companies on the market to ensure you’re benefiting from the right facility.

Call our team on 0800 9774833 to discuss your requirements in more detail and discover how we can assist, or get an instant quote.

I was really pleased with the service from Hilton-Baird in helping me find the right funding combination for our needs. Given the pandemic I wasn’t sure if the right funding would be available, but Hilton-Baird showed that they know the market inside out and introduced the right options. I’m confident that my facilities will support the business as we continue to establish ourselves in our sector.

Jason Clark, Managing Director, RJ Clark Engineering

Some of the funders we work with

  • Praetura Invoice Finance
  • 4Syte
  • Aldermore Invoice Finance
  • Bibby Financial Services
  • Allica Bank
  • Kriya
  • Davenham Trade Finance
  • Tradeplus24
  • Castlebridge
  • Optimum Finance
  • Ultimate Finance Group
  • Cynergy Business Finance
  • ABN AMRO Commercial Finance
  • MaxCap
  • Pulse Cashflow Finance
  • Haydock Finance Ltd
  • Skipton Business Finance
  • Berkeley Trade Finance Ltd
  • Investec
  • Lloyds Bank Commercial Finance
  • Blazehill Capital
  • Sonovate
  • InvoCap
  • Giant
  • Merchant Money
  • Clear Factor
  • Roma Finance
  • Metro Bank SME Finance
  • Leumi ABL
  • Team Factors
  • Royal Bank of Scotland
  • Time Finance
  • eCapital Commercial Finance
  • Davenham Asset Finance
  • Close Brothers Invoice Finance
  • Nationwide Finance
  • PNC Business Credit
  • Santander Corporate & Commercial
  • Regency Factors
  • Barclays
  • Partnership Invoice Finance
  • Accelerated Payments
  • IGF Invoice Finance
  • Peak Cashflow
  • Woodsford Tradebridge

© Hilton-Baird Financial Solutions Limited
Registered in England and Wales. Company Registration Number: 03832884. Registered Office: 110 Cannon Street, London, EC4N 6EU
ICO Number: Z7220067

Authorised and regulated by the Financial Conduct Authority (FCA number 730445)
We are a credit broker and not a lender and offer credit facilities from a panel of lenders