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 and 2020 – 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.
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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


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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.

Hilton-Baird were friendly, prompt, understanding and very helpful. Everything you could want from a commercial finance broker.

Scott Griffiths, Owner, Secure Education Recruitment

Some of the funders we work with

  • Peak Cashflow
  • Close Brothers Invoice Finance
  • Creative Capital
  • Shawbrook Business Credit
  • ABN AMRO Commercial Finance
  • Merchant Money
  • Pulse Cashflow Finance
  • Barclays
  • Trade Finance Partners
  • Regency Factors
  • Time Finance
  • MaxCap
  • Secure Trust Bank
  • Partnership Invoice Finance
  • Team Factors
  • Optimum Finance
  • Metro Bank SME Finance
  • Blazehill Capital
  • Davenham Asset Finance
  • Aldermore Invoice Finance
  • Leumi ABL
  • InvoCap
  • Haydock Finance Ltd
  • Boost Capital
  • Sonovate
  • Lloyds Bank Commercial Finance
  • Asset Advantage
  • Investec
  • Royal Bank of Scotland
  • Clear Factor
  • Davenham Trade Finance
  • Skipton Business Finance
  • 4Syte
  • Giant
  • Ultimate Finance Group
  • PNC Business Credit
  • Roma Finance
  • inFund
  • MarketFinance
  • Woodsford Tradebridge
  • Berkeley Trade Finance Ltd
  • iwoca
  • Accelerated Payments
  • Bibby Financial Services
  • FIBR Tech Limited
  • IGF Invoice Finance
  • Santander Corporate & Commercial
  • Nucleus Commercial Finance

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

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