Payroll Funding
Fast Payroll Funding to Keep Your Team Paid on Time
Missing payroll is one of the fastest ways to lose staff, trust, and momentum. Valhalla Business Funding provides direct working capital sized to bridge payroll gaps caused by slow receivables, seasonal dips, or unexpected expenses, with funds arriving in as little as 24 hours. Because we underwrite against your actual cash flow, businesses with thin credit files can still qualify.
- Funding from $10,000 to $5,000,000
- Funds in as little as 24 hours
- 500+ FICO, 6+ months in business
- No collateral or upfront fees
Risk-free, no-commitment application. No hard credit pull to check options.
How It Works
How Payroll Funding Bridges the Gap
Payroll funding is short-term working capital advanced against your business's ongoing revenue rather than a specific invoice or asset. Once approved, funds typically land in your account within 24 hours, and businesses needing a structured repayment schedule can have documented terms in place within 48 hours. Because it is not a payroll loan tied to payroll processing software, you retain full control of how the funds are deployed, whether that means covering gross wages, payroll taxes, or the timing gap between running payroll and collecting on invoices.
Repayment is structured as either a fixed daily or weekly remittance, or a percentage holdback of daily card and bank deposits, so the payback flexes with your cash flow instead of hitting on a rigid monthly due date. This matters most for businesses with 24/7 labor costs but lumpy customer payment cycles, such as staffing firms, home health agencies, and contractors billing on net-30 or net-60 terms. The goal is to keep your obligation to employees fixed while your obligation to the funder moves with revenue.
Who Uses Payroll Funding
Staffing agencies, healthcare providers, contractors, and seasonal employers are the most frequent users because their labor costs run ahead of collections. Any business with a recurring pay cycle and a temporary cash timing mismatch is a fit.
What It Is Not
This is not a line of credit tied to a payroll provider, and it does not require pledging equipment or real estate. It is unsecured working capital underwritten primarily on bank deposit history.
Pricing Math and Structure
Pricing on payroll funding is typically expressed as a factor rate rather than an annual percentage rate, since the product is a purchase of future receivables in most structures, or a fixed-fee short-term loan in others. A factor rate of 1.20 on a $50,000 advance means $60,000 total payback, and the effective cost depends heavily on the term length: the same factor rate over a 4-month term carries a materially higher annualized cost than over a 12-month term. Businesses should compare total dollar cost and daily/weekly payment amount against cash flow, not just the headline rate.
The trade-off is speed and accessibility versus cost relative to bank financing. A bank line of credit may price lower, but approval can take weeks and requires strong financials, collateral, and time in business that many small employers do not have on short notice. Payroll funding exists specifically for the businesses that cannot wait, and pricing reflects that risk and speed. The right fit is a business confident that near-term revenue will support the remittance schedule, not one using it to cover a structural, ongoing shortfall.
Reading Your Offer
Compare the factor rate, term length, and payment frequency together, since a lower factor rate over a longer term is not automatically cheaper on a daily cash basis.
Renewal Considerations
Businesses that use payroll funding repeatedly should track how much of gross revenue goes to remittances across all active advances combined, not just the newest one.
Qualifying and Applying
Qualification centers on cash flow, not credit history alone. Valhalla typically looks for at least 6 months in business, $15,000 or more in average monthly deposits, a FICO score of 500 or higher, and 4 months of recent business bank statements. There is no requirement to pledge collateral, and there are no upfront fees to apply or receive a decision, which keeps the process accessible for businesses that need capital quickly without tying up assets.
The application itself is a straightforward document submission, typically bank statements and a completed application, reviewed by underwriters who look at deposit consistency, average daily balance, and existing debt obligations. Businesses in all 50 states can apply, and most receive a decision the same day they submit complete documentation. Because Valhalla funds directly rather than brokering to a network of lenders, terms are presented once, clearly, without the back-and-forth common with marketplace platforms.
Minimum qualifications
- 6+ months in business
- $15,000+ monthly deposits
- 500+ FICO floor
- Active business bank account
The path to the hall
Funded in one working day.
Apply
One-page application. Entity details, monthly revenue, and what the capital is for.
Submit four statements
Your four most recent business bank statements. Underwriters return offers in 2–4 hours during business hours.
Choose your structure
Multiple offers side by side: factor or rate, term, daily vs weekly debit, holdback options.
Sign and fund
Sign before the 1 PM ET cutoff and funds wire the same day. After cutoff, next business morning.
FAQ
Payroll Funding — questions worth answering.
How fast can I get payroll funding?
Most approved businesses receive funds within 24 hours of submitting complete bank statements and an application. If your file requires structured terms rather than a standard advance, documentation is typically finalized within 48 hours. Speed depends on how quickly you provide statements and respond to underwriter questions, so having your last 4 months of statements ready before applying is the single biggest factor in getting funded same-day or next-day.
Do I need good credit to qualify?
No. Valhalla's underwriting is based primarily on business bank deposit activity, not personal credit history. A FICO score of 500 or higher is generally sufficient, and strong, consistent monthly deposits of $15,000 or more can offset a lower credit score. This makes payroll funding accessible to businesses that would not qualify for a traditional bank loan or line of credit due to credit history alone.
Is collateral required?
No collateral is required. Payroll funding through Valhalla is unsecured working capital based on your business's cash flow and deposit history, not a lien on equipment, inventory, or real estate. This keeps your assets free for other financing needs and removes the appraisal and lien-filing delays that come with secured loans.
How is repayment structured?
Repayment is set up as either a fixed daily or weekly remittance from your business bank account, or a percentage holdback of daily card and deposit revenue. Both structures are designed to align with how your business actually generates cash, rather than requiring a single large monthly payment that may not match your collection cycle.
Can I use payroll funding for other expenses too?
Yes. Once funded, the capital is deposited directly into your business account and there is no restriction on how it is used. Many businesses use the same advance to cover payroll, payroll taxes, and short-term vendor obligations in the same funding cycle, since the underlying cash flow gap often affects more than one obligation at once.
Are there upfront fees to apply?
There are no upfront fees to apply for payroll funding with Valhalla, and there is no cost to receive a decision. As a direct funder, Valhalla does not charge broker fees or application fees; all costs are disclosed in the funding offer itself before you agree to terms.
Related
Related funding options and reading
Working Capital Loans
General-purpose funding for day-to-day operating expenses.
Same-Day Business Funding
For businesses that need capital deposited the same day.
Funding for Medical Practices
Payroll and working capital solutions for healthcare providers.
Apply Now
Get a funding decision in minutes with no upfront fees.
Take your seat
Earn your seat at the table.
Submit your file. Receive structured terms within 48 hours. Risk-free, no-commitment application.