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.
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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.

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

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

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