Payroll Funding
Njord Capital Group offers a unique and specialized payroll funding service that provides businesses with fast, short-term payroll solutions. Think of it as a line of credit or insurance exclusively for payroll—once approved, you can instantly access up to $500K, as needed. Ideal for covering seasonal cash flow gaps or unexpected expenses, this solution ensures your payroll is met without the high costs of Merchant Cash Advances (MCA) and is a more cost-effective alternative to factoring.
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Same-Day Funding: Access up to $500K with a fast and easy application process--approval can be within 1-2 business days.
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Flexible Repayment: Repay within 0-4 weeks based on your company's cash flow, with no early payment penalties.
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*Affordable Terms: Only 1.5% weekly for the funds used, offering an affordable, flexible solution for businesses needing immediate payroll support.
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Prequalification: To qualify, businesses must have at least 5 employees, 2 years in business, and an average monthly revenue of $25K.
This is the smart, cost-effective alternative to MCA and factoring, providing the funds you need when you need them, without unnecessary costs or complicated terms.
*Terms differ for businesses in New York. New York-based businesses are subject to a factor rate of 1.06 for a 4-week term or 1.03 for a 12-week term.